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Excess Non-Concessional Contributions Tax Assessments for the 2005/2006 and 2006/2007 Years

Published on 18 Aug 09 by THE TAX INSTITUTE

The Taxation Institute of Australia (Taxation Institute) refers to correspondence from the Australian Taxation Office (ATO) to a number of taxpayers in March 2009 relating to excess contributions tax. These letters were headed "You may have to pay excess contributions tax: For your information and action". The letters advised the taxpayer that the ATO had contributions information for the above years as specified in an attached schedule. The taxpayer was required to review the information and contact the ATO if they believed the information held by the ATO was incorrect.

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TAXATION INSTITUTE OF AUSTRALIA

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