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The Australian Taxation Office (ATO) is pledging an “increased focus” on lingering business debts while preparing a new, multi-year program to improve small business tax performance.
The ATO on Tuesday unveiled its 2024-2025 corporate plan, the first handed down by Commissioner of Taxation Rob Heferen since taking over from long-serving Commissioner Chris Jordan in March.
It sheds light on how an ATO under Heferen intends to operate, and what the tax office considers to be its key priorities in the year ahead.
Much of the plan is similar to those handed down in past years, which shows the legacy left by previous Commissioners, Heferen yesterday told ATO staff in Canberra.
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