ATO officers will now be expected to explain to taxpayers why their tax refunds are being retained, after laws were passed to extend the commissioner’s discretion to retain refunds where tax obligations have not been fulfilled.
Source: accountantsdaily.com.au
Latest Posts in "Australia"
- Understanding GST Exemptions, GST-Free, and Input Taxed Status for Australian Businesses
- GST Pricing Rules in Australia: When, Where, and How to Display GST-Inclusive Prices
- ATO Clarifies GST Rules for Power Industry: BPPAs, Gifted Assets, and Agency Arrangements
- Final GST Rules Clarified for Sunscreen Products: Ensure Correct GST Application When Selling
- Australia Enacts Treasury Laws Amendment 2025: New GST Reverse Charge Deduction Rules Effective July 2024













