What happens if I file my tax return late?

For Australian residents the tax-free threshold is currently $18,200, meaning the first $18,200 of your income is tax free, but you are taxed progressively on ... Oct 8, 2024 ... When calculating the retail sale threshold for the retailer exclusion, include all taxable and nontaxable retail sales. Do not include sales ... If the price of the item before rebate exceeds the threshold, it is taxable. Does the exemption apply to repairs, alterations, or items for rent? The exemption ... If you tick no, it just means they tax you at a higher rate as if you weren't going to be eligible for the threshold. Once you lodge your return for the year we ... These products are subject to the duty-free allowance for cigarettes of 200. ... Tax-free shopping · Purchase of motor vehicles · Temporary importation of a ... Revenue and Taxation Code (R&TC) section 63551 provides a tax exemption for bulk sales of coins and bullion. A tax-exempt bulk sale of coins and bullion ... Nov 19, 2018 ... The current tax-free threshold is not well targeted. It benefits all taxpayers because it applies to the first $18,200 of everyone's income. As ... Jan 21, 2025 ... ... tax payable. Federal income tax rates for 2025. Tax rate, Taxable income threshold. 15%, on the portion of taxable income that is $57,375 or ... The Australian tax year ends on 30th June. Resident Rates. 2021/22 and 2022/23. Resident for the whole of the tax year. Taxable income. Tax ... New individual tax rates and thresholds for 2024–25 ; 0 – 18,200, Tax free ; 18,201 – 45,000, 16 ; 45,001 – 135,000, 30 ; 135,001 – 190,000, 37.