Source: Change.org
A petition against “unfair and unworkable” changes to the rules governing tax agents has closed with more than 2,000 signatures, calling on Assistant Treasurer Stephen Jones to reconsider the August 1 shake-up.
Under a new determination signed by the Assistant Minister, tax practitioners will need to comply with eight new obligations under Tax Agent Services’ Code of Professional Conduct from next month.
It presents the changes as a way to protect and uphold ethical standards in the tax profession, following high-profile incidents like the PwC scandal.
But the legislative instrument surprised the accounting sector, with industry representatives suggesting the speed and scope of the new changes will be unworkable for small practices.
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