Investigations into the scheme have revealed a sophisticated operation that involved unscrupulous actors exploiting the GST refund system. Perpetrators manipulated transactions and data on the TikTok platform, allowing them to fraudulently claim refunds on GST payments that were never made in the first place. The Australian Taxation Office has “a lot of questions” to answer after a fraudulent scheme promoted by social media influencers.
Sources:
Latest Posts in "Australia"
- ATO Releases Updated Guide for GST Analytical Tool for Top 1000 Taxpayers
- ATO Finalizes GST Rules for Prepared Meals, Offers Transitional Compliance for Certain Products
- Updated GST Rulings on International Supplies: ATO Issues GSTR 2025/1 and GSTR 2025/2
- ATO Withdraws Practice Statement on GST Treatment of Government Agency Fees and Charges
- ATO Finalizes Waiver of Tax Invoice Requirement for Direct Entry Services in 2025