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  • Varying to nil amounts

    If you pay instalments on the basis of gross domestic product (GDP) adjusted notional tax, and you think the assessed tax you will pay on your investment and/or business income this year will be nil, on your activity statement:

    • enter 0 at T8 and T9
    • enter a reason code at T4.

    If you calculate your instalments based on your instalment income and have no investment and/or business income for the period, report a nil amount at T1 on your activity statement.

    If you have nil amounts at all labels (including instalment income) on your activity statement, you can lodge:

    • using online services for individuals and sole traders
    • over the phone by calling 13 72 26.

    See also:

      Last modified: 17 Nov 2017QC 16159