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Families urged to report foreign incomes to Tax Office

The exterior of the Australian Government Taxation Office in Sydney on Monday, May 28, 2012. (AAP Image/April Fonti) NO ARCHIVING
The Australian Taxation Office in Sydney. Source: AAP

New international data sharing agreements are allowing the Australian Taxation Office 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.


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By Alice Trenoweth-Creswell, Sopharany Hay

Source: SBS



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New international data sharing agreements are allowing the Australian Taxation Office 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.



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