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Notice of assessment 1972 - still using the tax file number/format T92737 Notice of amended assessment 1982 – with a 9 digit tax file number 330 600 376 In May 1988, following the demise of the Australia Card scheme, the Treasurer Paul Keating announced that the Government intended to introduce an enhanced TFN scheme, [ 6 ] and legislation ...
The Australian Tax file number (TFN) is a 9 digit identity document issued to tax payers. There is no card or official identity document in popular use that shows this number and strict rules on its use means that it is not required to be provided, and there is no practical way a non government entity to verify the holder against the number.
In 1884, a general tax on income was introduced in South Australia, and in 1895 income tax was introduced in New South Wales at the rate of six pence in the pound, or 2.5%. [6] Federal income tax was first introduced in 1915, in order to help fund Australia's war effort in the First World War. [7]
Following the shelving of the Australia Card, the federal government expanded the tax file number scheme to enable cross-referencing benefits received and tax paid by individuals. [5] This unique number is in many ways analogous to the United States social security number.
Australian tax returns for the tax year beginning 1 July and ending 30 June of the following year are generally due on 31 October after the end of the tax year. [ 1 ] Australian individual taxpayers can file their return online with the ATO's myTax software, by ordering a printed copy of the tax return form, or with the assistance of a tax agent.
People who file electronically see their refund within about 21 days, while people who file by mail may not receive their tax return for a month. Information is accurate as of Mar. 7, 2024.
Tax file number; Tax Institute (Australia) Taxation of superannuation in Australia; Tertiary education fees in Australia; W. Windfall tax (Australia) Wine ...
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