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ATO grants 1-year STP exemption for closely held payees

ATO grants 1-year STP exemption for closely held payees

Closely held payees will be will be given a one-year exemption from single touch payroll reporting as the ATO works on moving into a quarterly reporting framework from 1 July 2020.

  • Shared by AccountantsDaily
  • March 07, 2019
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ATO director Michael Karavas said the agency will provide an exemption for closely held payees for the 2019-20 financial year, with STP reporting for these payees to commence from 1 July 2020.

Read more at the Accountants Daily.

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