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ATO changes labelling on tax affairs deductions

ATO changes labelling on tax affairs deductions

Greater clarity over the breakdown of the cost of managing tax affairs will soon be available as the Tax Office implements a change to the deduction label ahead of tax time.

  • Shared by MyBusiness
  • May 10, 2019
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The ATO has implemented a change to split the deduction label D10 “Cost of managing tax affairs” into three components: interest charged by the ATO, litigation costs and other expenses incurred in managing tax affairs.

Read more at MyBusiness

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