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  • Overpayment of tax



    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    Starting from the 1993-94 income year, the Tax Office will pay interest on overpaid tax if:

    • we take more than 30 days after your tax return is lodged to issue a notice of assessment and that assessment entitles you to a refund of tax (if you lodge a tax return without all the required information, the 30-day period starts from the date the Tax Office receives all the information)
    • you claim certain credits after an assessment
    • your assessment is amended and the amendment entitles you to a refund of tax (you are also entitled to interest on your refund if you successfully object against an assessment or successfully appeal an objection), or
    • you request a refund of all or part of a payment you made on account of income tax, certain income tax penalties, HECS assessment debt, Student Financial Supplement Scheme assessment debt, or a remission of the general interest charge that you have paid, and the crediting of your refund or remission occurs more than 30 days after the date you made the request.

    Who calculates the interest on your overpayment?

    We will calculate your interest. Interest will be paid to you with your overpayment, or set off or applied against any outstanding debts you may have with us.

    Last modified: 02 Mar 2020QC 18002