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HomeTag: Newsletter; ATO Interest; Deductions

Tag: Newsletter; ATO Interest; Deductions

27
Aug

Important tax update: deductions for ATO interest charges scrapped

By AKW Accountants No comments yet

If you’re carrying an Australian Taxation Office (ATO) debt there is a good chance that it will cost you even more from 1 July 2025 onwards. This is because from 1 July 2025 two types of interest charges imposed by the ATO are no longer deductible.   What are the interest charges? There are two main types of interest that

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