• Failure to meet other tax obligations

    Taxpayers are liable to penalties if they fail to meet the obligations contained in the various tax laws. The penalties are applied in multiples of a penalty unit.

    Penalties for failing to meet tax obligations

    Tax obligation

    Penalty for failing to meet obligation

    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

    5 penalty units

    Lodging an activity statement electronically when required

    5 penalty units

    Paying an amount electronically when required

    5 penalty units

    See also:

    Last modified: 10 Feb 2016QC 47930