SBS AFRICAN

Tax office on the hunt for tax dodgers

Australian Taxation Office Source: AAP

It's that time of the year as the 2015/16 financial year ended on June 30. It is time to start getting your tax affairs in order.If you are claiming more than you should on work expenses, or your investment property, there is an increasing chance the Australia Taxation Office will catch you.Finance Editor Ricardo Goncalves reports.

Each year, Australians claim about 30 billion dollars in total deductions against their income.

More than half of that is work-related expenses, and big chunk of it is for their cars.

But the Australian Taxation Office (ATO) says there are three golden rules when claiming work-related expenses.

Coming up next

# TITLE RELEASED TIME MORE
Tax office on the hunt for tax dodgers 03:02 ...
West African culture drummed up in NSW schools 07/11/2017 03:52 ...
New to Australia and loooking for a job? These strategies could help 07/11/2017 06:21 ...
Mandela's unfinished book 'Dare Not Linger' is released 31/10/2017 11:22 ...
Australian anti-Apartheid activists honoured in South Africa 31/10/2017 03:58 ...
World Bicycle Relief fights poverty with the humble bike 31/10/2017 08:54 ...
New Africa-themed 'musical' hits Sydney 24/10/2017 09:35 ...
Ex-refugees share success stories at cultural transition forum 24/10/2017 04:04 ...
Racial profiling by Victoria Police exposed - again 24/10/2017 03:16 ...
This violence against women must stop, it's almost White Ribbon Day 18/10/2017 13:21 ...
View More