Coming Up Sat 6:00 PM  AEST
Coming Up Live in 
Live
Bangla radio
SBS BANGLA

Families urged to report foreign incomes to Tax Office

The Australian Taxation Office in Sydney. Source: AAP

New international data sharing agreements are allowing the Australian Taxation Office (ATO) to track money across borders and identify individuals not meeting their obligations. The A-T-O is asking taxpayers receiving foreign incomes to make sure they report it this tax time. They are concerned about Australians who are unsure about how the system works.

The Australian Taxation Office has struck a data-sharing deal with more than 65 countries. Under the new Common Reporting Standard, the Australian Taxation Office has discovered more than 1.6 million off-shore accounts, holding more than  100 billion dollars. The data shows many Australians have financial dealings in countries like China, Singapore and the United States.

Listen to the feature in Bangla in the audio player above.

Follow SBS Bangla on FACEBOOK.

Coming up next

# TITLE RELEASED TIME MORE
Families urged to report foreign incomes to Tax Office 22/08/2019 04:43 ...
“Padma Bridge is a symbol of Bangladesh’s economic strength & confidence” 23/06/2022 09:31 ...
RBA's rate rise biggest in two decades 23/06/2022 06:32 ...
Reports of elder abuse are growing in Australia 18/06/2022 05:19 ...
Arfanul Haque Rifat wins Comilla city mayoral election in Bangladesh 17/06/2022 07:28 ...
Blacktown City's Young Citizen of the Year finalist Raiyan Rahman, a talented year 7 student, wants to be a tech entrepreneur 17/02/2022 09:54 ...
Tamanna Monem awarded as the Female Defence Leader 2021 18/01/2022 09:50 ...
50 years of India-Bangladesh friendship in the eyes of some Indian journalists 16/12/2021 12:40 ...
"Islamic teachings and family values ​​motivate me to do charity work": Nazmul Hasan 02/12/2021 14:02 ...
Anindita presents 'Ondormohol' of colonial Kolkata at the Art Gallery of Ballarat 19/11/2021 12:25 ...
View More