For the definitive view of the changes to products, you must always refer to the final published version of the relevant publication.
Company income tax return
The 2021 Company tax return (PDF, 1.2MB)This link will download a file is available in Portable Document Format (PDF).
The following changes have been made to the 2020 income year tax return.
Company information
Change |
Section |
Description |
|---|---|---|
New |
Current postal address |
Country if not Australia |
New |
Postal address on previous tax return |
Country if not Australia |
New |
Business address of main business |
Country if not Australia |
8 - Financial and other information
Change |
Label |
Description |
|---|---|---|
New |
P |
Opening franking account balance |
Modify |
M |
From: Franking account balance To: Closing franking account balance |
New |
X |
Select your aggregated turnover range (select range A to P) |
New |
Y |
Aggregated turnover |
9 Capital Allowances
Change |
Label |
Description |
|---|---|---|
Depreciating assets first deducted in this income year |
||
New |
P |
Are you making a choice to opt out of temporary full expensing for some or all of your eligible assets? (A – Some eligible assets, B – All eligible assets) |
New |
Q |
Number of assets you are opting out for |
New |
R |
Value of assets you are opting out for |
New |
S |
Temporary full expensing deductions |
New |
T |
Number of assets you are claiming for |
New |
U |
Are you using the alternative income test? |
New |
V |
Are you making a choice to opt out of Backing business investment for some or all of your eligible assets? (A – Some eligible assets, B – All eligible assets) |
New |
W |
Number of assets you are opting out for |
New |
X |
Value of assets you are opting out for |
New |
M |
First year accelerated depreciation deductions for assets using Backing business investment |
New |
O |
Instant asset write-off deductions for non-small business entities |
For all depreciating assets |
||
New |
N |
Subsequent year accelerated depreciation deductions for assets using Backing business investment |
13 - Losses information
Change |
Label |
Description |
|---|---|---|
New |
A |
Tax loss 2019–20 carried back to 2018–19 |
New |
B |
Tax loss 2020–21 carried back to 2018–19 |
New |
C |
Tax loss 2020–21 carried back to 2019–20 |
New |
G |
Tax Rate 2019–20 |
New |
I |
Net exempt income 2018–19 |
New |
J |
Net exempt income 2019–20 |
New |
L |
Income tax liability 2018–19 |
New |
M |
Income tax liability 2019–20 |
New |
O |
Aggregated turnover in 2019–20 Select your aggregated turnover range (select range A to P) |
New |
P |
Aggregated turnover |
New |
S |
Loss carry back tax offset (Include amount in calculation statement at label E – Refundable tax offsets) |
24 Internet trading
Change |
Item |
Description |
|---|---|---|
Removed |
24 |
'Did you sell any goods or services using the internet?' |
Fund income tax return
The 2021 Fund income tax return (PDF, 666KB)This link will download a file is available in Portable Document Format (PDF).
8 - Status of fund or trust
Change |
Item |
Description |
|---|---|---|
Modified |
N |
From: N – Significant global entity To: N1 – Significant global entity |
New |
N2 |
Country-by-country reporting entity |
Partnership tax return
The 2021 Partnership tax return (PDF, 307KB)This link will download a file is available in Portable Document Format (PDF).
4 - Internet trading
Change |
Item |
Description |
|---|---|---|
Removed |
4 |
'Did you sell any goods or services using the internet?' |
Business and professional items
Change |
Item |
Description |
|---|---|---|
New |
48 |
Aggregated turnover Select your aggregated turnover range U (select range A to P) Aggregated turnover V |
49 - Capital allowances
Change |
Item |
Description |
|---|---|---|
New |
P |
Are you making a choice to opt out of temporary full expensing for some or all of your eligible assets? (A – Some eligible assets, B – All eligible assets) |
New |
Q |
Number of assets you are opting out for |
New |
R |
Value of assets you are opting out for |
New |
S |
Temporary full expensing deductions |
New |
T |
Number of assets you are claiming for |
New |
V |
Are you making a choice to opt out of Backing business investment for some or all of your eligible assets? (A – Some eligible assets, B – All eligible assets) |
New |
W |
Number of assets you are opting out for |
New |
X |
Value of assets you are opting out for |
New |
M |
First year accelerated depreciation deductions for assets using Backing business investment |
New |
O |
Instant asset write-off deductions for non-small business entities |
For all depreciating assets |
||
New |
N |
Subsequent year accelerated depreciation deductions for assets using Backing business investment |
Trust tax return
The 2021 Trust tax return (PDF, 336KB)This link will download a file is available in Portable Document Format (PDF).
4 Internet trading
Change |
Item |
Description |
|---|---|---|
Removed |
4 |
'Did you sell any goods or services using the internet?' |
Business and professional items
Change |
Item |
Description |
|---|---|---|
New |
49 |
Aggregated turnover Select your aggregated turnover range P (select range A to P) Aggregated turnover Q |
50 - Capital allowances (previously 49)
Change |
Item |
Description |
|---|---|---|
New |
P |
Are you making a choice to opt out of temporary full expensing for some or all of your eligible assets? (A – Some eligible assets, B – All eligible assets) |
New |
Q |
Number of assets you are opting out for |
New |
R |
Value of assets you are opting out for |
New |
S |
Temporary full expensing deductions |
New |
T |
Number of assets you are claiming for |
New |
V |
Are you making a choice to opt out of Backing business investment for some or all of your eligible assets? (A – Some eligible assets, B – All eligible assets) |
New |
W |
Number of assets you are opting out for |
New |
X |
Value of assets you are opting out for |
New |
M |
First year accelerated depreciation deductions for assets using Backing business investment |
For all depreciating assets |
||
New |
N |
Subsequent year accelerated depreciation deductions for assets using Backing business investment |
New |
O |
Instant asset write-off deductions for non-small business entities |
Attribution managed investment trust (AMIT) tax return
The 2021 AMIT instructions and AMIT tax return are not available in print or to download as a Portable Document Format (PDF).
Trust information
Change |
Item |
Description |
|---|---|---|
New |
Current postal address |
Country |
New |
Postal address on previous tax return |
Country |
Additional information
Change |
Description |
|---|---|
New |
Significant global entity |
New |
Country-by-country reporting entity |
Key financial information
Change |
Description |
|---|---|
New |
Select your aggregated turnover range (select range A to P) |
New |
Aggregated turnover |
Capital allowances
Change |
Description |
|---|---|
New |
Are you making a choice to opt out of temporary full expensing for some or all of your eligible assets? A – Some eligible assets, B – All eligible assets) |
New |
Number of assets you are opting out for |
New |
Value of assets you are opting out for |
New |
Temporary full expensing deductions |
New |
Number of assets you are claiming for |
New |
Are you making a choice to opt out of Backing business investment for some or all of your eligible assets? (A – Some eligible assets, B – All eligible assets) |
New |
Number of assets you are opting out for |
New |
Value of assets you are opting out for |
Declarations
Change |
Description |
|---|---|
New |
Declarer position |
New |
Contact name |
New |
Declarer identifier |
New |
Telephone number |
International dealings schedule (IDS)
The 2021 International dealings schedule (PDF, 1.4MB)This link will download a file (IDS) is available in Portable Document Format (PDF).
Section A – International related party dealings
Change |
Item |
Description |
|---|---|---|
Modified |
2b |
From Are you a small business entity, not a significant global entity and your international related party dealings do not exceed 50% of your current year aggregated turnover? To Are you a small business entity, not a significant global entity and your international related party dealings do not exceed $5 million and 50% of your current year aggregated turnover? |
Modified |
8c |
From Insurance To Insurance services |
Modified |
8d |
From Reinsurance To Reinsurance services |
Modified |
8i |
From Logistics To Logistics services |
Modified |
8j |
From Asset management To Asset management services |
Modified |
13a |
From Tangible property To Disposal or acquisition of tangible property |
Modified |
13e |
From Other intangible property To Other disposal or acquisition of intangible property |
Reportable tax position (RTP) schedule
The 2021 Reportable tax position schedule (PDF, 1.7MB)This link will download a file is available in Portable Document Format (PDF).
There have been no changes made to the 2021 income year schedule.
Capital gains tax (CGT) schedule
The 2021 Capital gains tax (CGT) schedule (PDF, 375KB)This link will download a file is available in Portable Document Format (PDF).
There have been no changes made to the 2021 income year schedule.
Research and Development (R&D) tax incentive schedule
The 2021 Research and Development tax incentive schedule (PDF, 368KB)This link will download a file is available in Portable Document Format (PDF).
There have been no changes made to the 2021 income year schedule.
Losses schedule
The 2021 Losses schedule (PDF, 330KB)This link will download a file is available in Portable Document Format (PDF).
There have been no changes made to the 2021 income year schedule.
Consolidated group losses schedule
The 2021 Consolidated groups losses schedule is available in Portable Document Format (PDF).
There have been no changes made to the 2021 income year schedule.
Loss carry back claim form
The Loss carry back claim form (PDF, 221KB) This link will download a file 2020–21 – Early balancer substituted accounting period or lodging a company tax return for party year (NAT 75344) was available for use until 30 June 2021.
From 1 July 2021, refer to the Company tax return 2021.
For more information see Loss carry back tax offset.
This summary describes the changes made to certain income tax return forms and schedules for the 2021 tax year.