Quantcast
au iconAU

 

 

Business tax debts set to be disclosed under new law

Businesses with more than $100,000 in tax debts and have failed to engage with the Commissioner could soon see their debt information disclosed to credit reporting bureaus.

Business tax debts set to be disclosed under new law
smsfadviser logo
Business tax debts set to be disclosed under new law

With the introduction of Treasury Laws Amendment (2019 Tax Integrity and Other Measures No. 1) Bill 2019, a measure seeking to allow the ATO to disclose business tax debts to credit reporting bureaus has been revived.

Read more at the Accountants Daily

Subscribe to Public Accountant

Receive the latest news, opinion and features directly to your inbox