Registering for an ABN and applying for GST refunds when you don’t own a business or are not eligible is fraud.
The Australian Taxation Office (ATO) has identified a significant number of GST refund fraud attempts, totalling an estimated $850 million to around 40,000 individuals. This fraud involves predominantly participants inventing fake businesses to claim false refunds.
Source: zmp.com.au
Latest Posts in "Australia"
- Australia Sets E-Invoicing Timeline for Commonwealth Agencies by December 2026
- Australia Introduces Bills to Pause Draught Beer Tax Indexation for Two Years
- Australia-UAE Free Trade Agreement Comes Into Effect
- Australia Establishes E-Invoicing as Default in Federal Procurement
- Australia Proposes GST Updates for Copyright and Digital Media to Modernize Tax Frameworks
