CANBERRA: The Australian Taxation Office will investigate more than 20 million international visa holders and foreign students using data-matching audits to catch tax avoidance and enforce superannuation compliance, the agency said on Sunday.
The three-year data matching audit will cross-reference information from the Australian government’s Home Affairs Department with Australian Tax Office (ATO) records.
It is estimated that records of 20 million individuals will be obtained over the course of the three-year period,” the ATO confirmed with Reuters on Sunday.
These records will be electronically matched with ATO data holdings to identify non-compliance with obligations under taxation and superannuation laws.
Profit repatriation hits $759m in 8MFY24: SBP
KARACHI: Repatriation of profit and dividends from Pakistan by foreign investors increased to $759.2 million in the first eight months...