Tax rules • Australia
Tax rules for Australia
Each rule here is the one Bilbx runs, with the figure the app uses and the ATO's own words under every sentence.
The tax year
1 July to 30 June
Australia's financial year: 1 July to 30 June
Your tax return covers the income year from 1 July to 30 June, and Bilbx's Tax Lab totals your receipts by that year.
Read the ruleHow often you file GST or VAT
Quarters ending September, December, March and June
BAS quarters: when your GST periods start and end
How often you report GST on your BAS, as the ATO sets it out, and the quarters Bilbx's Tax Lab shows: quarters ending September, December, March and June.
Read the ruleRecords of business use
12-week logbook, for 5 years
Business use: the logbook, the diary and floor area
The records the ATO accepts for the business share of a car, a phone or a home, and the years Bilbx's Tax Lab applies each for.
Read the ruleWhat a receipt needs for a tax credit
$82.50
GST credits and tax invoices: the $82.50 rule
To claim a GST credit for a purchase that cost more than $82.50 (including GST), you need a tax invoice. What the ATO asks for, and how Bilbx marks your receipts against it.
Read the ruleCheck a receipt
Enter a receipt to see what Bilbx does with it under Australia's rules. It is worked out in your browser by the same code the app runs, and nothing you enter is sent or stored.
Enter a date and a total to see the answers.
For the records behind these rules, see the guides for Australia. How we research and review.