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Tax Time 2017 ATO Service Commitments

Posted by Northadvisory on May 30, 2017

The ATO have announced their service standard commitments for the upcoming 2017 tax year.

Tax returns

The ATO will aim to finalise the majority of electronically lodged current year tax returns within 12 business days of receipt. This includes both individual and non-individual tax returns.

Tax returns lodged on paper could take up to 50 business days from receipt to be finalised.

Amendments

The ATO will aim to finalise the majority of electronically-lodged amendments within 20 business days of receipt. Amendments lodged on paper could take up to 50 business days from receipt to finalisation.
In addition, refunds for 2017 tax returns will start being received from Tuesday, 18th July 2017 onwards.
If you have any questions about your income tax affairs for the financial year ended 30th June 2017, please do not hesitate to contact us.

Norman Ruan
Accountant
T: 02 9984 7774
E: normanr@northadvisory.com.au

Martin van der Saag
Director
T: 02 9984 7774
E: martinv@northadvisory.com.au