Certified Practicing Accountant
Regi. Tax agent & Regi. ASIC Agent
jason@taxcodeaccounting.com.au
 
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Credit Card & Debit Card Data Matching by ATO

Now be careful if you are tax avoiders. ATO has initiated Credit card and Debit card data matching. So your spending habits are monitored by ATO to know if you are tax avoiders? This is in the honest tax payers. ATO is going to collect data from the merchant organization about the credit card or debit card users\\\' data and will compare the same with the filed or reported income levels. It is good to know and make aware people around you to whom you know this will be affecting. - Resource ATO website. www.dreampanerai.com