Project DO IT – ATO Amnesty for disclosure of offshore income

Current as of December 2014 The Australian Taxation Office (ATO) amnesty on disclosures of assets or income overseas that they have not previously been made aware of  is about to close on 19 December 2014. The ATO initiative  allows taxpayers to disclose assets or income overseas on a “no questions asked” basis. The ATO  will then issue amended assessments to … Read More