Overseas assets and income? Why the ATO wants you
In recent months, the ATO has made no secret that it will be targeting individuals with assets and income from overseas. Just a month ago, the ATO announced an amnesty called Project DO IT to allow people to declare unreported assets and income they have received from overseas, which has already raised over $13 billion in back taxes.
For more information declaring international interests as part of the amnesty, please contact us on 02 9957 4033 or via our website contact form.
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Last updated July 2014. This article is provided for information purposes only and should not be used in place of advice from your accountant. Please contact us on 02 9957 4033 to discuss your specific circumstances.
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Disclaimer
This article is provided for information purposes only and correct at the time of publication. It should not be used in place of advice from your accountant. Please contact us on 02 9957 4033 to discuss your specific circumstances.
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