Thursday,
9 May 2024
Clock is ticking on small business lodgment penalty amnesty

LATE lodgment penalties will be remitted under the amnesty which ends on December 31 2023 for small business income tax returns, fringe benefits tax (FBT) returns and business activity statements (BAS) originally due between December 1, 2019 and February 28, 2022.

More than 14,000 small businesses have taken advantage of the amnesty since it kicked off on June 1 2023, with more than $48 million in ...

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