Small Business Lodgement Penalty Amnesty Program


The government announced a lodgement penalty amnesty program for small businesses to encourage them to get their obligations up-to-date.

This is your chance to catch up on overdue lodgement without penalty


Eligibility for the amnesty?

The small business must meet the below criteria in order to be eligible for the amnesty:

  • had an annual turnover of under $10 million at the time the original lodgement was due
  • have outstanding income tax returns, BAS or FBT returns that were due between 1 December 2019 and 28 February 2022
  • lodge between 1 June and 31 December 2023.


The amnesty doesn’t apply to privately owned groups, or individuals controlling over $5 million of net wealth.


What to do if you have overdue lodgement?

  • If you have overdue lodgements you should lodge them before 31 December 2023.
  • You do not need to apply for the amnesty. It will automatically apply to the eligible lodgements, which are the lodgements that fell due between 1 December 2019 and 28 February 2022.


You should know:

  1. It’s important to get back on track with your lodgements. This will help you understand your net tax position.
  2. Failure to lodge normally leads to higher risk of being audited by ATO.


Please note:

  1. The amnesty will only remit failure to lodge penalty, not the general interest charge.
  2. You will still need to pay tax if the lodgement resulted in tax payable.
  3. You have an option to set up payment plan if you cannot pay off your tax debt in one lump sum. You can contact us to set up for you if you need help.


For more details please refer to ATO link.

Please contact us if you would like to discuss.