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lindsayy(Newbie)Newbie
9 Aug 2024

During FY24 we are closing down the company. During this process all assets have been disposed. The plan is to lodge FY24 tax return as "Final" . There are Liabilities to be paid in July '24 and we have profits to distribute via dividends. Can the dividends be declared in FY25 year and paid in August '24, or will this require a company tax return to be submitted for FY25 year, There will be no trading during FY25 other than paying GST free liabilities (already accrued) and paying the dividend.

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1,080 views
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Deb_ATO(Community Support)Community Support
13 Aug 2024

Hi @lindsayy


Yes. But if you pay the dividend in the next financial year, then that's when you'll need to include that info in the next financial years income tax return.

You might have to wait to lodge a final tax return.

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Most helpful reply

Deb_ATO(Community Support)Community Support
13 Aug 2024

Hi @lindsayy


Yes. But if you pay the dividend in the next financial year, then that's when you'll need to include that info in the next financial years income tax return.

You might have to wait to lodge a final tax return.

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Can a company declare and pay a dividend after the "Final" Tax return is lodged? | ATO Community