The ATO has recently issued an alert on gifts or loans from overseas. Do you or someone you know receive overseas gifts and loans? Read on!
Overseas gifts and loans in the spotlight
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The ATO has recently issued an alert on gifts or loans from overseas. Do you or someone you know receive overseas gifts and loans? Read on!
The ATO has again flagged that under reporting of foreign income is an issue but this time the ATO take ‘gloves off’ on overseas income.