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The ATO is expected to announce a deferral regime for the mandatory expansion of Single Touch Payroll, with the 1 January 2022 deadline not expected to be a “cold, hard cut-off”, says one industry body.
Mandatory STP Phase 2 reporting is now set to commence from 1 January 2022, with employers soon required to report additional payroll information to the ATO, building on basic salaries and wages information reported through the original STP regime that first began in 2018.
Read more at the AccountantsDaily.
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