AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
How to Avoid Tax Penalty Fees
It will depend as no sort of one figure of a penalty. So it could be as little as sort of around 275. And then they impose maximum penalty for individuals of around $1,100. It just depends on how late it is and all that kind of stuff. The ATO can see that you haven't lodged your tax returns so it's just a matter of something popping up in their system or them running some sort of data in their system to get caught if you want to put it that way.