Penalties (Australia)
The Australian GST system contains a number of provisions designed to encourage compliant behaviour from taxpayers.
Penalties may be applied for the late filing of a Business Activity Statement and not meeting other GST obligations, as follows:
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•ÌýÌýÌýÌý For a small entity, the penalty is calculated at the rate of one penalty unit (ie AU $313 from 1 July 2023) for each period of 28 days (or part thereof) that the return or statement is overdue,
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Web page updated on 17 Mar 2025 13:58