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Business tax debts set to be disclosed under new law

Business tax debts set to be disclosed under new law

Businesses with more than $100,000 in tax debts and have failed to engage with the Commissioner could soon see their debt information disclosed to credit reporting bureaus.

by Shared by Accountants Daily | Jul 26, 2019

With the introduction of Treasury Laws Amendment (2019 Tax Integrity and Other Measures No. 1) Bill 2019, a measure seeking to allow the ATO to disclose business tax debts to credit reporting bureaus has been revived.