ATO investigation sparks warning to those cheating tax system

The ATO has sent a clear message to those cheating the system following one of its investigations leading to a South Australian man being sentenced to jail after he was found to have lodged false income tax returns worth nearly half a million in fraudulent refunds.

ATO ruling on JobKeeper GST turnover test released

The ATO said it is making continued efforts to crack down on those cheating the tax system after a South Australian man was sentenced to five years’ jail after being found guilty of obtaining and attempting to obtain a financial advantage by deception after he lodged false income tax returns (ITRs), worth nearly $500,000 in fraudulent refunds.

Read more at Accountants Daily

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