ATO ditches E-tax

The Australian Taxation Office has announced that it will no longer support lodgement using the E-tax application. Instead, all individuals preparing their own tax return will have to lodge it using the ATO’s online MyTax application.

The ATO began offering the browser-based MyTax system in June 2014.

The MyTax system has been expanded to include all the functionality that was previously available through the E-tax desktop application, the ATO said.

“For example, not only will Australians with rental properties be able to use MyTax this year, but they will also be able to take advantage of the fully integrated tools and calculators,” assistant commissioner Graham Whyte said in a statement.

“One of these new tools allows property investors to record depreciation and capital gains.”

Some 1.75 million lodgements were made using the system in 2015, the ATO said. However, MyTax struggled to keep up with post-EOFY demand.

The ATO said that this year it was expecting around 3 million tax returns to be lodged using MyTax, based on the combined E-Tax and MyTax lodgements in 2015.

Copyright © 2016 IDG Communications, Inc.

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