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READ MOREATO rules out concessions for TBAR declarations
The ATO has stated it does not intend to extend the reporting concessions introduced for single touch payroll for TBAR declarations, despite calls for a simplified process from the industry.
ATO deputy commissioner James O’Halloran said there has been recent commentary calling for the concessionary approach announced by the ATO for single touch payroll, which essentially allows a single approval process for the entire year, to also be extended to the TBAR regime.
Read the full article at SMSF Adviser.
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