Average ATO refund tumbles $430 compared to last July

 

Fewer taxpayers have raced to file an early return and the total paid out in refunds is already down by $1.7 billion.

 

Penalty amnesty tempts 7,000 small businesses back into tax system

 

UPDATED: This budget measure waives fines for late lodgment of income, BAS and FBT returns due during the pandemic.