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New PAYG laws to place focus on on-time BAS lodgment

New laws denying a tax deduction to businesses who fail to comply with withholding obligations will place a focus on the on-time lodgment of BAS, practitioners have been warned.

New PAYG laws to place focus on on-time BAS lodgment
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New PAYG laws to place focus on on-time BAS lodgment

Late last year, new legislation to deny an income tax deduction for certain payments if the associated withholding obligations have not been complied with were passed.

Read more at the Accountants Daily.

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