Your tax return is your sole responsibility. So if you generate income in Australia, you have to have a tax file number (TFN) and pay taxes using your earned money. You can compute the amount you need to pay for taxes in a specific year based on your annual tax return.
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Filing your income tax return may be a burdensome activity for you. Still, you must understand that this is your moral and social duty as a responsible citizen of your country. Learn more about how to lodge your income tax return and the reasons why you need to below:
Lodging Your Income Tax Return
If you are making a stable income, you need to pay taxes on that income.…Continue reading