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ATO watching for foreign income this Tax Time

A man is having trouble with his finance due to memory loss

A man is having trouble with his finance due to memory loss. Source: Getty Images

The Australian Taxation Office (ATO) is urging taxpayers who receive any foreign income from investments, family members or working overseas to make sure they report it this tax time. New international data sharing agreements allow the ATO to track money across borders and identify individuals not meeting their obligations.


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Updated

By Stephanie Andary, Fares Hassan

Presented by Good Morning Australia

Source: SBS




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The Australian Taxation Office (ATO) is urging taxpayers who receive any foreign income from investments, family members or working overseas to make sure they report it this tax time. New international data sharing agreements allow the ATO to track money across borders and identify individuals not meeting their obligations.



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