Crackdown on GST-Fraud Promoters

Hello Chasers,

If you have been reading the news recently you will have read about the raft of enforcement activity being undertaken across the country by the ATO-led Serious Financial Crime Taskforce, including the execution of search warrants and issuing of warning letters.

Tax fraudsters are in the ATO sights, and they will be caught!

On 31 December 2022, the ATO took compliance action on more than 53,000 taxpayers and stopped approximately $2.5 billion in fraudulent GST refunds from being paid to individuals seeking to defraud the system.

Two individuals have been sentenced to jail time for their crimes so far, following their arrest in 2022.

This follows 87 earlier arrests across the country, with many more to come. The ATO has commenced writing to more than 20,000 individuals involved in the fraud, warning them of the serious consequences coming their way unless they come forward and repay the money they have defrauded.

Click here to read more …

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