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  • Keeping your tax records

    If an expense is subject to substantiation, it must be supported by particular forms of written evidence – if not, your claim is not deductible. In other cases, you need to provide sufficient evidence to satisfy us that you incurred the expense.

    Generally, you need to keep your records for five years from the date you lodge your tax return.

    See also:

    We request you provide enough information in a format that helps us to complete our review of your tax return.

    Make a voluntary disclosure

    If you make a voluntarily disclosure, you can generally expect a reduction in the administrative penalties and interest charges that would normally apply. (Administrative penalties are those we may impose without taking court action).

    See also:

      Last modified: 02 Aug 2021QC 24929