Client Login
Ph: 08 9921 8218 | Em: info@encompasscpa.com.au

Photography by Debra Mitchell

ATO to hold more power over tax refunds

New legislation drafted by the Government would allow the Australian Taxation Office to hold refunds which are pending verification checks.

The proposed law, which was released last month, would be introduced to avoid fraudulent refunds and provide the Commissioner of Taxation with legislative discretion to delay refunds to taxpayers until claim verifications are processed.

Under the drafted legislation, the ATO would withhold refunds, from both individuals and businesses, for at least 60 days for authentication.

Posted on 6 March '12 by , under General News.

Comments are closed.

Read the encompass financial newsletter

encompass financial newsletter

Contact Us

You can contact us at the following;

Office Location
18 Francis Street
GERALDTON WA 6530

Mailing Address
PO BOX 1865
GERALDTON WA 6531

Phone: 08 9921 8218
Fax: 08 9964 3818
Email: