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Government to ease in ABN changes

The ATO has sought to assure that the impact of the proposed changes to the ABN system will be minimised wherever possible, such as allowing ABN holders to confirm their details through the lodgement of tax returns.

  • Shared by Accountants Daily
  • June 20, 2019
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As part of the 2019–20 federal budget, the government announced some proposed changes to the ABN system which would require clients with Australian business numbers to lodge an annual income tax return where they have an income tax return obligation from 1 July 2021, and confirm the accuracy of their details on the Australian Business Register (ABR) from 1 July 2022.

Read more at the Accountants Daily

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