Australia Gazettes Legislative Instrument on Income Tax Return Filing Requirements for 2025

The Australian Official Gazette May 9 published a legislative instrument on income tax return filing requirements for the 2025 year. The instrument includes: 1) the definition of relevant terms; 2) tax return filing requirements for income tax, franking accounts, venture capital deficit tax, ancillary funds, and trustees of self-managed superannuation funds (SMSFs); 3) a list of entities and individuals exempt from filing; 4) the Oct. 31 filing deadline, with some exceptions; 5) deadlines for filing franking returns, venture capital deficit tax returns, ancillary fund returns, and self managed superannuation funds returns and statements; and 6) that the Commissioner may grant ...