ATO Cracks Down on GST Fraud in Property and Construction Industry, Warns Against False Claims

• ATO warns businesses against falsifying GST claims
• ATO targets GST fraud in property and construction industry
• Fraud involves dishonest claims and false invoicing
• Predominantly affects property and construction, spreading to other industries
• Fraud not related to social media scheme with fake businesses
• Real businesses creating false invoices for inflated GST refunds
• Some businesses claim tens of millions in undeserved GST refunds
• Taxpayer Alert TA 2025/2 issued to warn businesses
• Fraudulent behavior undermines tax system and is unfair to honest businesses
• Consequences include interest charges, penalties, fines, prosecution
• Fraud schemes involve false invoices and fictitious claims
• Community encouraged to report fraudulent activities
• GST revenue is crucial for funding essential services in Australia
• Fraud damages reputation of property and construction industry

Source: ato.gov.au

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.

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