a signed letter or statement from your payer, that provides the same information as an income statement or payment summary.your Pay as you go (PAYG) payment summary – individual non-business.your income statement if your employer reports to us through single touch payroll (STP).You may need to provide us a copy of the records if we review a tax return you lodge.įor salary, wages, allowances, government payments or pensions and annuities you receive, your records may include: If you receive income or other payment amounts you need to declare in your tax return, you need records that show the amounts. The type and format of records you need will differ depending on what they are for, find out what records you need for: In some specific circumstances, there are record keeping exceptions.
the nature of the goods or services you buy.the amount of the expense or cost of the asset.the name or business name of the supplier.An acceptable record shows all of the following: You need to keep records that support the claims you make in your tax return.įor most expenses you need a receipt or similar document from the supplier. Records are written evidence of your income or expenses, these can be either paper or electronic. Records you need to show a payment or expense, the format to keep your records in, and how long to keep them.
