Understanding MyTax

The ATO is making it easier for people with simple tax affairs to lodge their returns with the new MyTax system,

The system will allow them to lodge pre-filled tax returns either through their computer, smartphone or tablet.

MyTax has have some key differences from the current E-Tax service: it is fully online, it is available on mobile devices and it automatically pre-fills information.

People who are eligible will typically have income from employment or from investments such as dividends or bank interest, or a combination of both.

People will be ineligible to use MyTax if they have more complex affairs, including business income or losses; rental properties; interests in partnerships or trusts; capital gains or losses; foreign income; employee share scheme receipts; superannuation income streams and super lump sum payments.

The service must be accessed through the new one-stop MyGov portal; register at www.my.gov.au.

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