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TPB acts as suspect offshoring emails surface

The Tax Practitioners board has found offshore firms are actively engaging with Australian tax and BAS agents to spruik their services, and is taking pre-emptive action to ensure practitioners are aware they are totally liable for the result of any engagement with these firms. 

TPB acts as suspect offshoring emails surface
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The TPB recently released an exposure draft providing new guidance for tax practitioners on outsourcing and offshoring, alerting tax and BAS agents to the compliance action they could face if these arrangements aren’t appropriately structured.

Read the full article on Accountants Daily.

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