To calculate penalties we use a statutory formula or multiples of a penalty unit.
If you're liable for a penalty, we'll notify you in writing and include:
- the reason for the penalty
- the amount of the penalty
- the due date for payment (at least 14 days after we give notice).
Notice of the failure to lodge penalty may be made before or after the entity has lodged the document.
|
Tax obligation |
Penalty for failing to meet obligation |
|---|---|
|
Keeping or retaining records as required |
20 penalty units |
|
Retaining or producing declarations as required |
20 penalty units |
|
Providing access and reasonable facilities to an authorised tax officer |
20 penalty units |
|
Applying for or cancelling goods and services tax (GST) registration when required |
20 penalty units |
|
Issuing a tax invoice or adjustment note when required |
20 penalty units |
|
Both principal and agent must not issue tax invoices or adjustment notes for the same taxable supply or adjustment event |
20 penalty units |
|
Registering as a PAYG withholder when required (withholders must be registered) |
5 penalty units |
|
Lodging an activity statement electronically when required (non-electronic notification) |
5 penalty units |
|
Paying an amount electronically when required (non-electronic payment) |
5 penalty units |
For more information, see:
-
Remission of penalties
Check if you can request a remission of a penalty according to your personal circumstances. -
Compliance and penalties
Check what penalties we impose for GST at settlement on suppliers and purchases.