Queensland Consolidated Acts

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TAXATION ADMINISTRATION ACT 2001 - SECT 30

Time for payment of tax

30 Time for payment of tax

(1) Tax payable under a tax law must be paid—
(a) for a return self assessment—on the date the return for the self assessment is required to be lodged; or
(b) for a standard self assessment—by the date that is 14 days after the date the transaction statement for the self assessment is lodged; or
(c) for a default assessment made because of a failure to make a self assessment—on the date the assessment notice for the default assessment is given to the taxpayer; or
(d) for an amount of tax, payable under a royalty law, for which the royalty law provides a time for payment—by that time; or
(e) otherwise—by the date stated in the assessment notice as the date by which the tax must be paid.
(2) For subsection (1) (e) , the stated date must be at least 30 days after the assessment notice for the tax is given to the taxpayer.
(3) For a return self-assessment, assessed interest is payable on the day the assessment is made.



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