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Tax Office to focus on ABN cancellation program

Tax Office to focus on ABN cancellation program

Tax agents have been given a heads up that the ATO will “focus more” on its bulk Australian business number (ABN) cancellation program from this month on.

by Shared by Accountants Daily | Oct 22, 2019

Watchdog tips big changes for your accountant

In an online update, the ATO has announced that it will increase its focus on cancelling ABNs, using a model to identify businesses that are no longer active or have forgotten to cancel their ABN when they ceased business.