The Australian Taxation Office (ATO) has released information that during the last tax time around 200,000 taxpayers failed to lodge tax returns, even though they were likely to have received a refund.
Assistant Commissioner Kath Anderson said many salaries and wage earners end up with a tax refund, but some are missing out on their money because they haven’t lodged. “Unfortunately, the tax office can’t return your money until you lodge a tax return,” she said. “We estimate there are 200,000 individual salary and wage earners who are likely to have been either due to a refund or owed a small amount of tax, but who had not lodged a tax return. Collectively, these clients have millions of dollars of unclaimed refunds.”
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