- Australia’s Serious Financial Crime Taskforce (SFCT) targeting false invoicing and illegal financial arrangements
- Warning issued to businesses about using false invoicing to cheat the tax and super system
- False invoicing involves issuing invoices with no goods or services provided
- SFCT equipped with resources to uncover financial crimes
- Small minority of businesses evading tax system undermines integrity and disadvantages honest businesses
- SFCT will work with partner agencies to catch those engaging in false invoicing or illegal financial arrangements
Source: answerconnect.cch.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
