Worried you’re missing part of your refund? Remember, the low and middle income tax offset isn’t a refund on its own – it’s used to offset (or reduce) the amount of tax you pay. The offset amount you may be entitled to is automatically applied and could range between $255-$1080, depending on things like your taxable income and how much tax you’ve paid.
5 August 202011:38 PM - edited 5 August 202011:38 PM
I've received some payments from overseas for my consultancy services to my Australian bank account. How and where should I declare them while lodging my tax return? This is my first time filling in this form, so my apologies if it is a very basic question