News
ATO Data Matching Program
Do you sell Goods or Services on Ebay or The Trading Post?
The ATO is launching a data matching program focusing on individuals and businesses who have sold more than $20,000 in goods and services on these online selling sites in any of the past three years.
If you are running a business through online selling sites, you need to include this income in your activity statement and tax return.
The Data Matching process will detect businesses that are under reporting or not reporting income generated from these sources.
The ATO is encouraging anyone who may have understated their income in the past three years to make a voluntary disclosure.
For more information please refer to the ATO Website below:
ATO website Data Matching Program