Do you have assets or income overseas that the tax office don’t know about?

Current as of December 2014 ATO amnesty about to finish! Further to our previous discussions, you may have also seen in the media recently about the Australian Taxation Office (ATO) amnesty on disclosures of assets or income overseas that they have not previously been made aware of. Well this ATO initiative, called Project DO IT,  is about to close on … Read More

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