ATO getting tough on those who don’t respond
The Australian Taxation Office said it is instigating stronger action for people who have not met their tax...
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Among other priority items, related-party transactions will be high on the regulatory agenda in the 2016-17 financial year, with the ATO set to release further guidance on certain questionable arrangements.
In recent years, related-party transactions have been high on the ATO’s compliance agenda for the SMSF sector.
Read the full story at SMSF Adviser.