Budget 2008-09: Overpaid Income Tax Instalments
10.09.08
The Tax Office has announced that it has completed a review of credit balances on activity statement accounts of taxpayers.
A taxpayer whose account has a credit balance that arose from overpayments of income tax instalments will have the balance transfer to their income tax account. The credit will then be issued in a taxpayer's next income tax assessment.
Taxpayers who do not want the credit to be issued in their next assessment should contact us to request for a refund from the Tax Office.
