Penalties and interest

Penalties for failing to meet other tax obligations

There are other obligations for taxpayers contained in the various tax laws. The penalties for failing to meet these obligations apply in multiples of a penalty unit.

Other obligations (together with the penalty for failing to meet those obligations) include, but are not limited, to all of the following:

• keeping or retaining records as required (20 penalty units)
• retaining or producing declarations as required (20 penalty units)
• providing access and reasonable facilities to an authorised tax officer (20 penalty units)
• applying for or cancelling goods and services tax (GST) registration when required (20 penalty units)
• issuing a tax invoice or adjustment note when required (20 penalty units)
• both principal and agent must not issue tax invoices or adjustment notes for the same taxable supply or adjustment event (20 penalty units)
• registering as a PAYG withholder when required (five penalty units)
• lodging an activity statement electronically when required (five penalty units)
• paying an amount electronically when required (five penalty units).

Sections within Penalties that can apply

• Penalties for statements and unarguable positions
• Penalty for failing to lodge a document on time
• Penalty for failing to withhold or pay a withheld amount
• Penalties for failing to meet other tax obligations