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    Tax Ry 2020

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    Ruth Polimar Yamuta
    This notice of assessment from the Australian Taxation Office shows that Mrs. Ruth Yamuta is due a refund of $2,010.01 for the tax period ending 30 June 2019. Her taxable income was $65,825 and she had $12,940.12 in tax on her income, which was reduced by $1,080 in tax offsets and $15,174 in PAYG withholding credits, resulting in the refund amount. The notice provides details on disputing the assessment, record keeping requirements, and contacting the ATO if needed.

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    Tax Ry 2020

    Uploaded by

    Ruth Polimar Yamuta
    90 views2 pages
    This notice of assessment from the Australian Taxation Office shows that Mrs. Ruth Yamuta is due a refund of $2,010.01 for the tax period ending 30 June 2019. Her taxable income was $65,825 and she had $12,940.12 in tax on her income, which was reduced by $1,080 in tax offsets and $15,174 in PAYG withholding credits, resulting in the refund amount. The notice provides details on disputing the assessment, record keeping requirements, and contacting the ATO if needed.

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    Tax ry 2020

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    This notice of assessment from the Australian Taxation Office shows that Mrs. Ruth Yamuta is due a refund of $2,010.01 for the tax period ending 30 June 2019. Her taxable income was $65,825 and she had $12,940.12 in tax on her income, which was reduced by $1,080 in tax offsets and $15,174 in PAYG withholding credits, resulting in the refund amount. The notice provides details on disputing the assessment, record keeping requirements, and contacting the ATO if needed.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    90 views2 pages

    Tax Ry 2020

    Uploaded by

    Ruth Polimar Yamuta
    This notice of assessment from the Australian Taxation Office shows that Mrs. Ruth Yamuta is due a refund of $2,010.01 for the tax period ending 30 June 2019. Her taxable income was $65,825 and she had $12,940.12 in tax on her income, which was reduced by $1,080 in tax offsets and $15,174 in PAYG withholding credits, resulting in the refund amount. The notice provides details on disputing the assessment, record keeping requirements, and contacting the ATO if needed.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    Tax period ending 30 June 2019

    MRS RUTH YAMUTA


    7 CROFT WAY Tax file number 889 091 791
    DERRIMUT VIC 3026 Date of issue 13 November 2019
    Our reference 312 111 674 2968
    Internet: www.ato.gov.au Phone enquiries: 13 28 61

    Notice of assessment - year ended 30 June 2019


    Income Tax Assessment Act 1936 and Income Tax Assessment Act 1997

    Description Debits $ Credits $


    Your taxable income is $65,825
    Tax on your taxable or net income 12,940.12
    Less non-refundable tax offsets
    Low income offset calculated by us 12.63
    Low and middle income tax offset 1,080.00
    Assessed tax payable $11,847.49 DR
    Plus other liabilities
    Medicare levy 1,316.50
    Less tax offset refunds 0.00
    Less Pay as you go (PAYG) credits and other entitlements
    PAYG withholding (eg tax deducted by your employer or bank) 15,174.00
    Result of this notice 2,010.01 CR

    Outcome of this notice $2,010.01 CR


    Your refund of 2,010.01 CR, ATO002000011866885 has been forwarded to your nominated financial institution.

    Melinda Smith Please keep this notice for future reference


    Deputy Commissioner of Taxation Please see over for important information about your assessment

    Other information relevant to your assessment:


    The Commissioner rounds down certain small amounts that may be owed by you or may be refunded to you. You may have transactions on
    your account where this has occurred.

    E00000-S00000-F00000 71092.100541-01-2018
    IMPORTANT INFORMATION
    If you disagree with your assessment
    If you think this assessment is wrong, check all the details on this notice with those on your tax return. If you think there is a problem, phone
    us on the numbers listed below. You can write to us and object to the assessment if you still disagree with it. Objection forms and information
    about how to lodge an objection are available from our website at www.ato.gov.au/object or by phoning the numbers listed below. If you
    disagree with our decision on your objection you can apply for an independent, external review. When we give you our decision we will let
    you know if you can apply to the Administrative Appeals Tribunal for a review or appeal to the Federal Court.
    We may amend your assessment
    The law gives us time to review information you have given us. Generally, we have two years from the date of the income tax assessment,
    but in some cases we have longer. If we find the information you provided was not correct we may amend this assessment. More information
    is available at www.ato.gov.au/notices
    Record keeping
    You must keep the records, receipts and other documentation you have used to prepare your return. Generally you need to keep them for
    five years. More information about record keeping is available at www.ato.gov.au/notices
    Keeping this notice of assessment for future reference
    You should keep this notice as part of your taxation records as you may be asked to provide details from it when phoning us. This notice
    also contains a reference number required for lodging a future income tax return online.
    Protecting your privacy when you phone us
    If you phone us we need to know we are talking to the correct person before providing account information. We will ask you for details only
    you, or your authorised representative, would know. It will be helpful if you have your tax file number or Australian business number and a
    copy of this notice ready when you phone us.
    How to contact us
    Individuals – phone us on 13 28 61 (8.00am – 6.00pm Monday to Friday)
    Businesses – phone us on 13 28 66 (8.00am – 6.00pm Monday to Friday)
    If you do not speak English and need help from us phone the Translating and Interpreting Service on 13 14 50
    If you have a hearing or speech impairment phone the National Relay Service on 13 36 77

    Explanation of terms used in your notice of assessment


    Tax on taxable income
    We calculate the amount of tax you pay on your taxable income. We work it out based on the information in your tax return. This amount
    may be nil.
    Tax offsets
    Tax offsets directly reduce the amount of tax you pay. They are not the same as deductions. Deductions are taken off your income before
    your tax is worked out. With a tax offset, we work out the tax due on your taxable income then reduce it by the total amount of your tax
    offsets.
    Non-refundable tax offsets
    Most tax offsets are non-refundable and generally can only reduce the amount of tax on your taxable income to zero. This means that if
    your non-refundable tax offsets are greater than your tax on your taxable income, you do not get a refund of the excess amount. Usually,
    you cannot transfer the excess or carry it forward to a later income year. It does not reduce your Medicare levy or Medicare levy
    surcharge unless specific legislation allows.
    Refundable tax offsets and tax offset refunds
    If you are entitled to any refundable tax offsets, they reduce the amount of tax on your taxable income. If the tax on your taxable income is
    reduced to zero and not all of your refundable tax offsets have been used up, the remaining amount will be shown at ‘tax offset refunds’.
    This amount will be allocated against any outstanding liabilities, including Medicare.
    PAYG credits and other entitlements
    Includes any credits or interest entitlements that have been taken into account in working out your refund or amount owing. An example of
    these credits is any tax that was deducted by your employer or bank from payments they made to you during the financial year.

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