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My tax return will take longer than 30 days

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Newbie

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Hi there,

 

I have been told my tax return will take longer than 30 days. Assuming I do get a refund I have been told that there's interest calculating daily on the refund amount. Can anyone verify to me if this is true and if so what is the percentage this is calculated on? 

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ATO Certified

Community Support

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Hi @tpowe61,

 

Welcome to our Community!

 

Yes, you may be eligible for delayed interest if you're due a refund and it's not paid within 14 days from when the refund is processed on your account. You don't need to apply for the interest as we will calculate the delayed interest you're entitled to. 

 

You can find more information about interest on delayed refunds and the current interest rate on our website.

 

Thanks, JodieH.

1 REPLY 1
Highlighted

Best answer

ATO Certified

Community Support

Replies 0

Hi @tpowe61,

 

Welcome to our Community!

 

Yes, you may be eligible for delayed interest if you're due a refund and it's not paid within 14 days from when the refund is processed on your account. You don't need to apply for the interest as we will calculate the delayed interest you're entitled to. 

 

You can find more information about interest on delayed refunds and the current interest rate on our website.

 

Thanks, JodieH.