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The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
READ MOREATO cautions on deductions for worker payments
Employers are being reminded that a new law is set to come into force next financial year that will restrict their ability to claim deductions for payments made to their workers.
In an online update, the tax office said that from 1 July 2019, deductions covering payments made to employees and contractors will only be available to businesses that have met the pay-as-you-go (PAYG) withholding obligation covering the payments.
Read more at MyBusiness.
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