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Brief
On 04/03/2025, the Australian Taxation Office (ATO) issued an update regarding ATO: Is your TPAR overdue?. As a business that pays contractors for Taxable Payments Reporting System (TPRS) services, you may be required to lodge a Taxable Payments Annual Report (TPAR) by 28 August each year. Failure to do so can result in penalties, with more than 11,000 businesses issued approximately $18 million in penalties last year.
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