Prepare and Lodge Your
2021-22 Income Tax Return
We are grateful for your continuous supports in the past years. New financial year has started means from 1 July 2021, you need to prepare and lodge your tax return for the year ended 30 June 2022. We would like to highlight the main changes as follows.
Individual
- The individual income tax rates have changed for residents (excluding the 2% Medicare levy) for the 2021 financial year. You may click on the links below that connect with ATO’s website for more details.
https://www.ato.gov.au/rates/individual-income-tax-rates/#Residents
2. Work related car expenses set rate per kilometre has been increased to $0.72/km.
3. You can claim a deduction in 2021–22 for costs you incurred for COVID-19 test expenses. This is if you used the test for a work-related
purpose, such as to determine whether you could attend or remain at work.
4. If you work from home during COVID19 from 1 July 2021 to 30 June 2022, you can continue claim the deduction of 80 cents for each
hour (including running expenses, phone, internet & depreciation) you worked from home.
5. The superannuation concessional (tax deductible) contribution caps is increased to $27,500 for the 2021-2022 financial year. It includes
the regular super contributions made by your employer and salary sacrifice contributions and any personal contributions.
6. Low and middle income tax offset (LMITO) increase
In 2021 financial year, the LMITO provided a reduction in tax of up to $1,080 for individuals with a taxable income of up to $126,000. In
2022 financial year, the maximum offset has been increased to $1,500.
Business:
- New Superannuation contribution rate from 1 July 2021:
- The rate for super guarantee (SG) is increasing from 10% to 10.50%
- The $450 per month eligibility threshold for when super guarantee is paid is being removed.
2. Temporary tax depreciation incentives
The instant asset write-off has been expanded to 30/06/2022 and 30/6/2023 (with turnover under $500 million, write-off amount of
$150,000 in maximum). The assets must be first held, and first used or first installed ready for use for a taxable purpose on or after
12 March 2020 until 30 June 2023.
3. From 1 July 2021, company income tax rate reduces from 26% to 25%.
Information required for preparation of income tax return
Same as previous year, the ATO did not change the requirement for preparation of the income tax return for the 2021 financial year. Please provide the following information if applicable.
- Income Statements (previously known as ‘PAYG Payment Summary’) from your employer(s). The employer will transmit your wages details to the ATO as they have used Single Touch Payroll (STP) software. The ATO will generate the annual employee Income Statements and send them to your myGov account. You could download the Statement from there for the preparation of the income tax return.
- Annual statement from your private health insurance company;
- The amounts of your bank interest earned, dividend received and distribution from the Trust;
- Superannuation payment records made before 30 June 2022 for the purpose of receiving government’s superannuation co-contribution and for claiming tax deduction for personal super contribution;
- If you owned a rental property, please bring all the rental statements, loan statements, the bills of the rates and land tax and other relevant records;
- Other income documents - PAYG Payment Summary from Department of Human Services (Centrelink), the trading/investment records (purchase and selling contracts) of shares, assets, and all related expenses etc;
- All evidences for your work relate expenses;
- If you have operated business under the business structure of sole trader or partnership or company or trust or investing in self-managed superannuation fund, you need to provide all the business records - business bank account statements (in PDF or CSV format), deposit books, cheque books, cash books and any other relevant records of income and expenditure.
Most of taxpayers should lodge the tax return before the middle of May 2023 if they engaged with a tax agent. Some of the taxpayers may have the specified due date. If you are not quite sure about your lodgment due date, please contact the Australian Taxation Office (ATO) or our office.
(中文版)
申報您的2022財政年度所得稅
首先，讓我們向您在以往的財政年度裡所給予的支持和合作表示衷心的感謝！新財年的到來意味著報稅的時間又開始了。在這裡向大家簡單介紹一下新舊財年交替時一些稅法的變化。
一、 個人報稅
1. 稅率的變化
自2021年7月1日起，稅務居民（不包括２％的國民醫療保健稅）的稅率已作調整。您可以點擊下面與稅局網站相連的鏈接以了解更多詳細信息。
https://www.ato.gov.au/rates/individual-income-tax-rates/#Residents
2. 以公裏數計算的與工作相關的車費比例調升至$0.72/公裏。
3. 您可以在 2021-22 財年申請扣除因 COVID-19 而產生的費用測試費用。測試须與工作相關，例如以此確定您是否可以參加或繼續工作。
4. 因疫情在這個財年您需要在家工作，可以繼續以$0.8/小時的固定費用比率（包括了電力、電話、網絡和家具折舊等費用）申報在家工作的費用。
5. 從 2021 年 7 月 1 日起（即 2022 財政年度），退休金扣稅供款上限從 $25,000 增加到 $27,500。它包括您的雇主定期為您繳納的退休金供款和您自己的工
資犧牲供款以及任何為了扣稅的個人退休金供款。
6. 在2021財年，應稅收入不超過 126,000，獲得的中低收入抵減稅額最高額為 $1,080。在2022財年，該抵減稅額調升為最高$1,500。
二、生意
1. 自2022年7月1日起調增員工退休金供款比例
- 為員工退休金供款的比例從退休金供款率由10%上調至10.5%。
- 先前每月稅前工資總額不超過 $450無需繳納退休金供款， 從2022年7月1 日起，這個門檻將取消，無論僱員工資在一個月內是否超過$450，都要繳納退休金。
2. 固定資産直接扣減
小生意購置固定資産直接扣減的法例延長至2022年6月30日和2023年6月30日。可直接扣減的固定資產仍为低於十五萬元；符合扣減資格的小生意的綜合營業
額低於五亿元的條件也沒有變化。
3. 從 2021 年 7 月 1 日起，公司所得稅稅率從 26% 調减至 25%
報稅需要資料
2022財年與往年一樣， 稅務局並沒有放松對報稅信息的要求，您需要根據自身的情況準備和提供如下相關的資料：
- 雇主發出的收入證明單（Income Statements）(即之前的 “PAYG Payment Summary ”）。 您的雇主如果已經使用STP工資軟件 (Single Touch Payroll)，會把您全年的工資信息傳送去稅務局；稅局將通過myGov在線直接為您提供“收入證明單”, 您可以把它下載用來報稅；
- 私人保險公司給您寄出的年度彙總單；
- 2022財政年度內收到的銀行存款利息、股息或信託分紅的數據;
- 如果您在2022年6月30日之前向自己的退休金帳戶做了供款，想申索政府的退休金聯合供款、或者想申報扣稅，請提供供款的明細資料；
- 如有物業出租者，帶備所有的租務月結單和相關的費用單據/數據和銀行貸款月結單；
- 其他收入證明文件，如社會福利部（原Centrelink）收入證明單、投資物業和股票買賣合同以及所有相關費用，等等;
- 與工作有關的費用支出單據、日記或有關數據;
如果您有獨資生意、合夥生意、公司生意、信託生意或投資，又或有自我管理退休基金等等, 請準備和提供所有的生意運作記錄，如銀行月結單（PDF
或 CSV 電子格式）、存款薄、支票薄、日記帳、或相關的收支單據或數據。
如果您以往找會計師代理報稅, 多數情況下您的2022財年報稅截止日期是2023年5月中旬。但有些納稅人的報稅日期可能會提前。如果您不確定您的報稅截止日期，請致電稅務局或我公司查詢。如果您要申報的事項比較繁複，請在來電預約時說明, 以便我們爲您安排好充裕的時間報稅。