Date posted: 21/05/2020 3 min read

Joint bodies write to ATO to request lodgement deferrals

COVID-19 has impacted lodgement dates. Letters have been written to the Australian Taxation Office requesting deferrals and penalty waivers

Chartered Accountants Australia and New Zealand, Corporate Tax Association, CPA Australia, Institute of Public Accountants and The Tax Institute (the Joint Bodies) wrote two letters to the Australian Taxation Office expressing concern about the impact of COVID19 on lodgement programmes.  The first letter requested:

  • deferrals for company, individual, trust and partnership 2019 income tax returns to 15 June 2020 and SMSF returns to 30 June 2020, without the need for the tax agent to make a specific application regarding how the agent has been impacted by the COVID-19 crisis; 
  • 90-day waiver for all lodgement penalties for all compliance obligations including the deferrals requested above; and
  • public advice that those who do not meet the ‘85 per cent on-time lodgement requirement’ for the lodgement program framework during the COVID-19 period will not be negatively impacted.

The second letter requested a deferral of the lodgement date for all 2018-19 income tax returns for individuals, companies, partnerships and trusts from 5 June 2020 to 30 June 2020.