taxable payments reporting system

ATOs Taxable Payments Reporting System | Taxwise Australia | (08) 9248 8124

ATO’s Taxable Payments Reporting System Update

By Warren Kruger / April 13, 2021 / 0 Comments

  | | | The ATO has confirmed that more than 60,000 businesses have not yet complied with lodgement requirements under the taxable payments reporting system (‘TPRS’) for 2019/20. The TPRS is a black economy measure designed to assist the ATO to identify contractors who don’t report or under-report their income. The ATO estimates that […]

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