Tax bonus payments begin to issue next week

The Australian Taxation Office today announced that 7.4 million people who have already lodged their 2007-08 tax return will begin receiving their tax bonus payments starting next week.

The announcement was made following the High court’s decision on the legality of the tax bonus payments.

The legality issue was raised by a law lecturer who asserted that the tax bonus does not comply with the Constitution.

Tax Commissioner Michael D’Ascenzo said if people have lodged their 2007-08 tax return and meet the eligibility criteria they don’t need to do anything else to receive the payment.

“We will be progressively sending payments to the address or bank account people nominated as their preference in their 2007-08 tax return – unless they updated those details since then,” Mr D’Ascenzo said.

“Eligible people who have received their 2007-08 notice of assessment before 27 March 2009 can expect to receive their payment between next week and 16 May 2009.

“Those who received their notice of assessment after 27 March 2009 can expect their tax bonus payment around four weeks after they received their notice of assessment.”

For those whose returns are still outstanding, the Tax Office said that they must lodge their returns by 30 June 2009 to be eligible.

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