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Australia: Consultation on draft legislation on 2025 tax return filing requirements

Including income tax returns, franking returns, venture capital deficit tax returns, and ancillary fund returns

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February 28, 2025

The Australian Taxation Office (ATO) issued draft legislation detailing the requirements for filing various tax returns for the year 2025. This includes income tax returns, franking returns, venture capital deficit tax returns, and ancillary fund returns.

The draft, LI 2025/D1 Taxation Laws (Requirement to Lodge a Return for the 2025 Year) Instrument 2025, outlines the deadlines for these filings and addresses the submission of returns and statements for self-managed superannuation funds.

The consultation closes on March 26, 2025.

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