Tag Archives: ATO

ATO areas of interest for the coming year

https://www.youtube.com/watch?v=7jooZm0231o As the year draws to an end, the focus of the ATO has moved to the 2024 year. At a recent conference, the Second Commissioner of Client Engagement, Jeremy Hirschhorn, highlighted three areas of focus for the ATO which it says are likely to impact suppliers and clients of all businesses.  With...
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ATO pauses debts on hold campaign

https://www.youtube.com/watch?v=4G-Tqfa0h44 In response to community feedback and perhaps negative commentary in the media, the ATO has announced it is pausing its “awareness campaign around tax debts on hold”. As foreshadowed in an earlier speech by an Assistant Commissioner, the ATO had recommenced pursuing small business debts that were previously placed on hold. Recently, the ATO had...
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Sharing Economy Reporting regime

The Sharing Economy Report Regime (SERR) has now commenced, for the 2023-24 income year. Only transactions for supplying taxi travel/ride sourcing and short-term accommodation need to be reported under the regime. However, from 1 July 2024, the SERR will apply to all other reportable transactions of electronic distribution platform operators (EDPs) including hiring of assets...
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International businesses and GST

https://youtu.be/N6AqclwWpqA?si=3Nmy_1ahx0pB38aH International businesses that have sales connected to Australia over a certain threshold may need to register and pay GST in Australia. This applies to electronic distribution platform (EDP) operators that allow merchants to make sales of services, digital products or low value goods to Australian customers; merchants who sell services, digital products, and/or low value...
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