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shaihulud(I'm new)I'm new
15 Sept 2023

I am an employee, I am not self employed at all.


I lodged my 2023 tax return a couple weeks ago and prior to receiving my notice of assessment, I've been sent an 'activity statement'.

My understanding of this is the ATO is saying I need to pay tax on July to September this year but why am I being asked to pay this now instead of after June next year?


The only other income I have is interest from my bank account and I pay the tax on this in my notice of assessment.

14,469 views
3 replies
14,469 views
3 replies

Most helpful response

Most helpful reply

RenaeMATO(Champion)Champion
19 Sept 2023

Hi @shaihulud,


It sounds like you have been entered into the Pay as You Go Instalment system. This can happen when you report instalment income (such as bank interest) above the entry threshold on your income tax return.

All replies

Most helpful reply

RenaeMATO(Champion)Champion
19 Sept 2023

Hi @shaihulud,


It sounds like you have been entered into the Pay as You Go Instalment system. This can happen when you report instalment income (such as bank interest) above the entry threshold on your income tax return.

ATO Certified Response
vkintali(I'm new)I'm new
ATO Certified Response19 Dec 2023

Hi ,


So how do we come out of this "Pay as You Go Instalment" system, as there might not be sufficient funds to pay every Quarterly ?

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Why have I been sent an 'Activity statement – 005'? | ATO Community