• Keeping good records

    You need to keep records about your tax to prove what you put on your tax return. In most cases, you need to keep all your tax records for five years, including receipts for anything you claim as a deduction.

    When you lodge your tax return, we work out whether you've paid the right amount of tax and then send you a notice of assessment. A notice of assessment tells you the result of your tax return.

    See also:

    Records you need to keep

    Last modified: 12 Jan 2016QC 47733