{"id":15050,"date":"2026-03-20T10:23:03","date_gmt":"2026-03-20T04:53:03","guid":{"rendered":"https:\/\/befreeltd.com\/au\/?p=15050"},"modified":"2026-04-13T15:17:28","modified_gmt":"2026-04-13T09:47:28","slug":"financial-year-australia","status":"publish","type":"post","link":"https:\/\/befreeltd.com\/au\/resources\/blogs\/financial-year-australia\/","title":{"rendered":"Financial Year Australia: Dates, EOFY and ATO Tax Year Explained"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"15050\" class=\"elementor elementor-15050\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-684f1151 e-flex e-con-boxed e-con e-parent\" data-id=\"684f1151\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7f80aa8c elementor-widget elementor-widget-text-editor\" data-id=\"7f80aa8c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>In Australia, the financial year determines when you report income, lodge tax returns and review business finances. Whether you\u2019re an employee, sole trader or business owner, knowing the financial year dates helps you stay organised and avoid last-minute tax stress.<\/p><p>Many Australians still search for answers like:<\/p><ul><li><em>When does the financial year start?<\/em><\/li><li><em>When does this financial year end?<\/em><\/li><li><em>What is the tax year in Australia?<\/em><\/li><li><em>When does the tax year end Australia?<\/em><\/li><\/ul><p><br \/>This guide explains the financial year Australia dates, EOFY deadlines and ATO tax year rules\u00a0in simple terms.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-18f35e92 elementor-widget elementor-widget-heading\" data-id=\"18f35e92\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What Is the Financial Year in Australia?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2e1fd607 elementor-widget elementor-widget-text-editor\" data-id=\"2e1fd607\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The financial year in Australia (also called the tax year or taxation year) runs from:<\/p><p>1 July to 30 June<\/p><p>So:<\/p><ul><li>The financial year starts on 1 July<\/li><li>The tax year ends on 30 June<\/li><li>The EOFY date is 30 June<\/li><li>The end of financial year is 30 June<\/li><\/ul><p><br \/>For example:<\/p><ul><li>Financial Year 2024\u201325 runs from 1 July 2024 to 30 June 2025<\/li><\/ul><p><br \/>This applies to:<\/p><ul><li>Individuals lodging tax returns<\/li><li>Sole traders<\/li><li>Companies<\/li><li>Trusts<\/li><li>Partnerships<\/li><\/ul><p><br \/>The Australian Taxation Office\u00a0(ATO) confirms this on its official website:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6b65fd91 elementor-widget elementor-widget-heading\" data-id=\"6b65fd91\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">ATO Tax Year vs Financial Year \u2013 Is There a Difference?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-79be99ff elementor-widget elementor-widget-text-editor\" data-id=\"79be99ff\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>In Australia, the tax year and financial year are the same.<\/p><p>So if you are wondering:<\/p><ul><li>When is the tax year in Australia?<\/li><li>What is the financial year in Australia?<\/li><li>When does the financial year end?<\/li><\/ul><p><br \/>The answer is simple.<\/p><p>The Australian financial year runs from 1 July to 30 June, and all tax reporting with the Australian Taxation Office (ATO) follows this period.<\/p><p>Unlike some countries, Australia does not use the calendar year (January to December) for tax reporting.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dd13f5d elementor-widget elementor-widget-heading\" data-id=\"dd13f5d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Financial Year Australia Dates (Quick Reference)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f7e62ed elementor-widget elementor-widget-text-editor\" data-id=\"f7e62ed\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<table><tbody><tr><td width=\"291\"><p><strong>Item<\/strong><\/p><\/td><td width=\"149\"><p><strong>Date<\/strong><\/p><\/td><\/tr><tr><td width=\"291\"><p>When does the financial year start<\/p><\/td><td width=\"149\"><p>1 July<\/p><\/td><\/tr><tr><td width=\"291\"><p>When does this financial year end<\/p><\/td><td width=\"149\"><p>30 June<\/p><\/td><\/tr><tr><td width=\"291\"><p>EOFY date<\/p><\/td><td width=\"149\"><p>30 June<\/p><\/td><\/tr><tr><td width=\"291\"><p>Tax year Australia dates<\/p><\/td><td width=\"149\"><p>1 July \u2013 30 June<\/p><\/td><\/tr><tr><td width=\"291\"><p>When is new financial year<\/p><\/td><td width=\"149\"><p>1 July<\/p><\/td><\/tr><tr><td width=\"291\"><p>End of financial year dates<\/p><\/td><td width=\"149\"><p>30 June<\/p><\/td><\/tr><\/tbody><\/table><p>If you are asking\u00a0<em>\u201cwhat financial year are we in?\u201d<\/em>\u00a0\u2014 you need to identify the current date and determine what period of time it falls into between the 1st of July and the 30th of June.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0030ede elementor-widget elementor-widget-heading\" data-id=\"0030ede\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Australia Financial Year Quarters<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5ea4305 elementor-widget elementor-widget-text-editor\" data-id=\"5ea4305\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The Australian financial year is divided into four quarters. These quarters are used for reporting obligations such as GST and PAYG instalments.<\/p><table><tbody><tr><td width=\"89\"><strong>Quarter<\/strong><\/td><td width=\"225\"><strong>Period<\/strong><\/td><\/tr><tr><td width=\"89\">Q1<\/td><td width=\"225\">1 July \u2013 30 September<\/td><\/tr><tr><td width=\"89\">Q2<\/td><td width=\"225\">1 October \u2013 31 December<\/td><\/tr><tr><td width=\"89\">Q3<\/td><td width=\"225\">1 January \u2013 31 March<\/td><\/tr><tr><td width=\"89\">Q4<\/td><td width=\"225\">1 April \u2013 30 June<\/td><\/tr><\/tbody><\/table><p>These are critical for:<\/p><ul><li><a href=\"https:\/\/www.ato.gov.au\/businesses-and-organisations\/preparing-lodging-and-paying\/business-activity-statements-bas\" target=\"blank\" rel=\"nofollow\"><u>BAS lodgement<\/u><\/a><\/li><li>PAYG instalments<\/li><li>Cash flow forecasting<\/li><li>Compliance planning<\/li><\/ul><p><br \/>For detailed quarterly reporting deadlines, see our guide on\u00a0<a href=\"https:\/\/befreeltd.com\/au\/resources\/blogs\/bas-due-dates\/\"><u>BAS due dates in Australia<\/u><\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-228457c elementor-widget elementor-widget-heading\" data-id=\"228457c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Is the Financial Year Structure Fixed?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9b58ed9 elementor-widget elementor-widget-text-editor\" data-id=\"9b58ed9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Many individuals still search:<\/p><ul><li><em>When is the financial year?<\/em><\/li><li><em>When is new financial year?<\/em><\/li><\/ul><p>The structure is fixed:<\/p><ul><li><strong>Start:\u00a0<\/strong>1 July<\/li><li><strong>End:\u00a0<\/strong>30 June<\/li><\/ul><p><br \/>There are no variations for individuals or standard businesses.<\/p><p>However, certain entities (like foreign subsidiaries or some consolidated groups) may apply for substituted accounting periods \u2014 subject to ATO approval.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-10d18bc elementor-widget elementor-widget-heading\" data-id=\"10d18bc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What Is This Financial Year? (How to Identify It Quickly)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5dd2100 elementor-widget elementor-widget-text-editor\" data-id=\"5dd2100\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>If today\u2019s date falls between:<\/p><p>1 July 2025 \u2013 30 June 2026 \u2192 Financial Year 2025\u201326<br \/>1 July 2024 \u2013 30 June 2025 \u2192 Financial Year 2024\u201325<\/p><p>Many people search \u201cwhat financial year are we in?\u201d\u00a0\u2014 the answer simply depends on which period between 1 July and 30 June\u00a0the current date falls into.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9ae26a0 elementor-widget elementor-widget-heading\" data-id=\"9ae26a0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Tax Year Australia Dates and Individual Obligations<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cbf3d8e elementor-widget elementor-widget-text-editor\" data-id=\"cbf3d8e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>For individuals, the tax year is important for:<\/p><ul><li>Salary and wage reporting<\/li><li>Calculating the Medicare Levy<\/li><li>Investment income<\/li><li>Calculating capital gains tax<\/li><li>Rental property income<\/li><\/ul><p>If you lodge your own tax return, the deadline is usually 31 October following the end of the financial year. If you use a registered\u00a0tax agent, you may receive extended lodgement deadlines. Many individuals and businesses choose to <a href=\"https:\/\/befreeltd.com\/au\/services\/tax-outsourcing\/\">outsource tax preparation services<\/a> to reduce errors and ensure deadlines are met with confidence.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2a52ff4 elementor-widget elementor-widget-heading\" data-id=\"2a52ff4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What to Do Before the EOFY Date (30 June)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6188b61a elementor-widget elementor-widget-text-editor\" data-id=\"6188b61a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ol><li><strong>Reconcile all bank accounts:\u00a0<\/strong>Don\u2019t use unreconciled software balances.<\/li><li><strong>Finalise payroll and Single Touch Payroll (STP) reporting: <\/strong>Ensure Single Touch Payroll (STP) finalisation is submitted to the ATO before 30 June.<\/li><li><strong>Review contractor vs employee classification:\u00a0<\/strong>This can cause problems with payroll tax and superannuation liabilities.<\/li><li><strong>Check super clearing house timing:\u00a0<\/strong>Super contributions need to be received by the clearing house before 30 June to be claimable as a deduction in that financial year.<\/li><li><strong>Document director resolutions:\u00a0<\/strong>This is particularly important for trusts and companies.<\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8239691 elementor-widget elementor-widget-heading\" data-id=\"8239691\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">When Does the Financial Year End in Australia?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9e38287 elementor-widget elementor-widget-text-editor\" data-id=\"9e38287\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The financial year ends on 30 June every year.<\/p><p>But the real question is:<\/p><ul><li>Are you ready before 30 June arrives?<\/li><\/ul><p><br \/>Waiting until July often leads to:<\/p><ul><li>Rushed decisions<\/li><li>Missed deductions<\/li><li>Cash flow problems<\/li><li>Higher accounting costs<\/li><li>More scrutiny from the ATO<\/li><\/ul><p><br \/>EOFY should be a planned process, not a last-minute scramble.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-612c1c1 elementor-widget elementor-widget-heading\" data-id=\"612c1c1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Financial Year vs Calendar Year<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5119b7c elementor-widget elementor-widget-text-editor\" data-id=\"5119b7c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The financial year calendar in Australia\u00a0follows a July-to-June structure rather than the January-to-December calendar year used in many countries. The fiscal year start and end\u00a0in Australia is therefore 1 July to 30 June, and all tax reporting with the ATO follows this period.<\/p><p>So if you are comparing:<\/p><table><tbody><tr><td width=\"142\"><p><strong>Calendar Year<\/strong><\/p><\/td><td width=\"226\"><p><strong>Financial Year Australia<\/strong><\/p><\/td><\/tr><tr><td width=\"142\"><p>1 Jan \u2013 31 Dec<\/p><\/td><td width=\"226\"><p>1 July \u2013 30 June<\/p><\/td><\/tr><\/tbody><\/table><p>All tax reporting is based on the financial year.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1f95b14 elementor-widget elementor-widget-heading\" data-id=\"1f95b14\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Practical Planning for the New Financial Year<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b04d91b elementor-widget elementor-widget-text-editor\" data-id=\"b04d91b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The new financial year begins on 1 July. Many individuals and businesses use this time to review budgets, financial goals and tax planning strategies.<\/p><p>This is the optimal time to:<\/p><ul><li>Reset budgets<\/li><li>Review pricing models<\/li><li>Rebuild cash flow forecasts<\/li><li>Reassess staff costs<\/li><li>Plan capital spend<\/li><li>Review tax structures<\/li><\/ul><p>For businesses operating in sectors like construction or property, having the right financial structure in place becomes even more critical, particularly when managing multiple projects and cost layers.<br \/>This is where structured <a href=\"https:\/\/befreeltd.com\/au\/industries\/construction-and-real-estate-accountants\/\">construction accounting<\/a> practices help improve financial visibility and control.<br \/><br \/>Rather than asking,\u00a0<em>\u201cwhat is end of financial year?\u201d<\/em>\u00a0consider asking:<\/p><ul><li>What systems did not perform this year?<\/li><li>Where did being \u2018compliant\u2019 feel reactive?<\/li><li>Is financial visibility robust enough to support growth?<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0b61bf5 elementor-widget elementor-widget-heading\" data-id=\"0b61bf5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">When Does the Tax Year Start and End in Australia?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b969b35 elementor-widget elementor-widget-text-editor\" data-id=\"b969b35\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Many people ask questions such as:<\/p><ul><li>When does the tax year start?<\/li><li>When does the tax year end in Australia?<\/li><li>When does the year end for taxes?<\/li><\/ul><p><br \/>In Australia, the tax year starts on 1 July and ends on 30 June\u00a0each year. This period is also referred to as the ATO tax year or financial year.<\/p><p>All income earned within this timeframe must be reported in your annual tax return.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5db657f elementor-widget elementor-widget-heading\" data-id=\"5db657f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Final Thoughts<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d70442a elementor-widget elementor-widget-text-editor\" data-id=\"d70442a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The Australian financial year runs from 1 July to 30 June\u00a0each year. Knowing these dates helps individuals, sole traders and businesses prepare for tax time and manage their finances more effectively.<\/p><p>Planning ahead before the end of financial year (EOFY)\u00a0can make tax reporting much easier and help you stay organised for the year ahead.<\/p><p>If you need support with bookkeeping, payroll or financial reporting, the Befree team can help simplify your financial processes and keep your records accurate throughout the financial year.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c43314d e-con-full e-flex e-con e-child\" data-id=\"c43314d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4dd9ede elementor-widget elementor-widget-heading\" data-id=\"4dd9ede\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Frequently Asked Questions About the Australian Financial Year<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b4b036 elementor-widget elementor-widget-n-accordion\" data-id=\"3b4b036\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;n_accordion_animation_duration&quot;:{&quot;unit&quot;:&quot;ms&quot;,&quot;size&quot;:300,&quot;sizes&quot;:[]},&quot;default_state&quot;:&quot;expanded&quot;,&quot;max_items_expended&quot;:&quot;one&quot;}\" data-widget_type=\"nested-accordion.default\">\n\t\t\t\t\t\t\t<div class=\"e-n-accordion\" aria-label=\"Accordion. Open links with Enter or Space, close with Escape, and navigate with Arrow Keys\">\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-6210\" class=\"e-n-accordion-item\" open>\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"1\" tabindex=\"0\" aria-expanded=\"true\" aria-controls=\"e-n-accordion-item-6210\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> When does the tax year start in Australia? <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-up\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M240.971 130.524l194.343 194.343c9.373 9.373 9.373 24.569 0 33.941l-22.667 22.667c-9.357 9.357-24.522 9.375-33.901.04L224 227.495 69.255 381.516c-9.379 9.335-24.544 9.317-33.901-.04l-22.667-22.667c-9.373-9.373-9.373-24.569 0-33.941L207.03 130.525c9.372-9.373 24.568-9.373 33.941-.001z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-6210\" class=\"elementor-element elementor-element-7ccbb7e e-con-full e-flex e-con e-child\" data-id=\"7ccbb7e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-35d63e1 elementor-widget elementor-widget-text-editor\" data-id=\"35d63e1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The tax year in Australia starts on 1 July\u00a0each year. This marks the beginning of the new financial year used by the Australian Taxation Office (ATO) for tax reporting.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-6211\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"2\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-6211\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> When does the tax year end in Australia? <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-up\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M240.971 130.524l194.343 194.343c9.373 9.373 9.373 24.569 0 33.941l-22.667 22.667c-9.357 9.357-24.522 9.375-33.901.04L224 227.495 69.255 381.516c-9.379 9.335-24.544 9.317-33.901-.04l-22.667-22.667c-9.373-9.373-9.373-24.569 0-33.941L207.03 130.525c9.372-9.373 24.568-9.373 33.941-.001z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-6211\" class=\"elementor-element elementor-element-5f7222d e-con-full e-flex e-con e-child\" data-id=\"5f7222d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ed4141f elementor-widget elementor-widget-text-editor\" data-id=\"ed4141f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The tax year in Australia ends on 30 June, which is also known as the end of financial year (EOFY). This is when individuals and businesses finalise their financial records for tax purposes.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-6212\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"3\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-6212\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> What financial year are we currently in? <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-up\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M240.971 130.524l194.343 194.343c9.373 9.373 9.373 24.569 0 33.941l-22.667 22.667c-9.357 9.357-24.522 9.375-33.901.04L224 227.495 69.255 381.516c-9.379 9.335-24.544 9.317-33.901-.04l-22.667-22.667c-9.373-9.373-9.373-24.569 0-33.941L207.03 130.525c9.372-9.373 24.568-9.373 33.941-.001z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-6212\" class=\"elementor-element elementor-element-af32b5c e-con-full e-flex e-con e-child\" data-id=\"af32b5c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c52cf20 elementor-widget elementor-widget-text-editor\" data-id=\"c52cf20\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The current financial year depends on today\u2019s date. For example, if the date falls between 1 July 2025 and 30 June 2026, the financial year is FY 2025\u201326.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"When does the tax year start in Australia?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The tax year in Australia starts on 1 July\\u00a0each year. This marks the beginning of the new financial year used by the Australian Taxation Office (ATO) for tax reporting.\"}},{\"@type\":\"Question\",\"name\":\"When does the tax year end in Australia?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The tax year in Australia ends on 30 June, which is also known as the end of financial year (EOFY). This is when individuals and businesses finalise their financial records for tax purposes.\"}},{\"@type\":\"Question\",\"name\":\"What financial year are we currently in?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The current financial year depends on today\\u2019s date. For example, if the date falls between 1 July 2025 and 30 June 2026, the financial year is FY 2025\\u201326.\"}}]}<\/script>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>In Australia, the financial year determines when you report income, lodge tax returns and review business finances. Whether you\u2019re an employee, sole trader or business owner, knowing the financial year dates helps you stay organised and avoid last-minute tax stress. Many Australians still search for answers like: When does the financial year start? When does [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":15052,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blogs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Financial Year Australia | ATO Tax Year | EOFY Australia<\/title>\n<meta name=\"description\" content=\"Wondering when is the financial year in Aus? 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