Black economy measures draw a wide net - 11 October 2018


Black economy measures draw a wide net - 10 October 2018

Tax insights

New legislation directed at black economy behaviour is likely to impact many ordinary business dealings.

On 20 September 2018, Treasury Laws Amendment (Black Economy Taskforce Measures No. 2) Bill 2018 was introduced into the House of Representatives. The Bill covers a wide range of measures drawn from recommendations from the Black Economy Taskforce Final Report and includes measures to:

  • Deny an income tax deduction for certain employee/contractor payments if the associated withholding obligations have not been complied with; and
  • Require entities providing road freight, information technology or security, investigation or surveillance services to report to the ATO under the Taxable Payment Reporting System.
Black economy measures draw a wide net - 10 October 2018
  • Contact us
  • Submit RFP
  • Our solutions

    Progress your business growth and development

    Take a look at the products and services we offer.

    Tax services

    Business tax, International tax, Transfer pricing, Tax management consulting, Mergers and acquisitions – tax, Research and development and government incentives, Deloitte Private, Indirect tax, Global employer services and Business Process Solutions

    Indirect tax

    Indirect tax is becoming many governments' preferred method of revenue raising. It’s more critical than ever to manage indirect tcompliance and cash flows. Deloitte’s indirect tax experts understand the nuances of regulations, the importance of industry knowledge and the growing role of technology.

    Tax management consulting

    With consulting, technology and outsourcing experience, Deloitte TMC helps businesses meet the challenges of multi-jurisdictional tax operations, including compliance, reporting and risk management for direct and indirect taxes. 

  • Our latest reports and thought leadership
Did you find this useful?