If you update your return later (for example, to correct a mistake), we don't issue a revised tax receipt with your amended notice of assessment. We issue your notice of assessment after you lodge your annual income tax return. From November 2020, we will print the paper tax receipt in black and white. We send this to the postal address on your tax records. If you lodge your return by paper, you will receive a paper tax receipt along with your notice of assessment. If you lodge your tax return electronically, your tax receipt will be sent to your myGov Inbox. Some taxpayers may receive their tax receipt separately. Most taxpayers will receive their tax receipt along with their original notice of assessment. We print this amount under the heading Assessed tax payable on your notice of assessment. The tax receipt shows how your taxes get allocated to key categories of government expenditure.Īssessable income tax is the tax payable on your taxable income minus your tax offsets. you receive a notice of assessment within 18 months from the end of an income year.your assessable income tax for an income year is $100 or more.You will receive a tax receipt as part of the annual income tax return process if: Most individuals receive a tax receipt with their notice of assessment after their annual tax return is processed.
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