If you have had tax withheld from your income you will need to lodge a tax return to receive a credit for the tax withheld. Tax is withheld in a number of situations.
If you have a job your employer, also known as your payer, may take tax out of your pay each pay period - which could be a week, or fortnight, or month - under the pay-as-you-go (PAYG withholding) system. Other payers, such as Centrelink, may also take tax out of the payments they make to you.
Under the tax law, an investment body (such as a bank, building society, unit trust or public company) must withhold tax file number (TFN) amounts (currently 46.5% of the payment) from the interest or dividends payable on an investment if you have not:
To continue your determination, select the BACK button on your browser.
For other important information, go to: