Recently, the ATO Australian Inland Revenue Agency announced a big news: today, cash receipts, cash payments, and all kinds of cash transactions are under scrutiny.
Why is this sudden investigation of cash transactions?
The thing is. ATO looked at the annual data and found that the most evading tax every year is not the well-known large enterprises, but even those small businesses.
Those looking at ordinary restaurants, supermarkets, motels, etc., look small and average tax evasion is as high as A $10 billion a year. Not only that, but also every year with a variety of excuses to declare a large amount of tax breaks and exemptions.
In the face of such serious tax evasion by small businesses, the Inland Revenue Department said that the tiger did not take advantage of it. Do you think I am a sick cat?
Now, check it out!
Cash transactions are the key to tax evasion.
This is where we start, and we're not going to let go of any of them!
As soon as the news came out, many Chinese panicked.
Because a large part of the Chinese do business in Australia, usually use cash to do business. They just want CASH, not to get stuck. This is a complete violation of ATO's taboo acts of death.
Even more frightening to the Chinese business community, they found that the ATO wave was not really a wolf, and that many people had been caught under the heavy fist.
Barbershops, Chinese restaurants, massage shops, Chinese supermarkets and gift shops that evade taxes on cash only went down one after another. Chinese businessmen tremble and feel like they are next!
ATO sweep check, as long as you get away with the tax, you don't want to get away with it.
In 2018, ATO launched raids on more than 45000 small businesses across Australia.
What happens to businesses that have been caught evading taxes? Don't talk too much, just two words!
Penalty! Until you lose your fortune!
Sue! Sue you never again!
The fast-food restaurant, for example, was found to have settled its wages in cash and failed to declare all of its income. Found tax evasion, not only the store is gone, businesses are also charged with 13 counts. He would not dare to evade taxes any more, since he would never have dared to evade taxes any more.
In Australia, tax evasion sentences are really heavy.
Last year in Brisbane, a 65-year-old Chinese rancher surnamed Li was sentenced to nearly six years for tax evasion and must pay back all illegally acquired taxes.
The ATO survey found that while living and working in Brisbane, the head of Agri Beef Cattle Company, a livestock procurement and export firm, provided false statements, exaggerating the amount claimed and defrauding a total of about A $820000 in tax rebates.
Cruel facts tell you that tax evasion in Australia, once found, does not need 900 million RMB,$ eight hundred and fifty thousand to put you in jail!
It is worth noting that in addition to the recent cash only merchants, you also have to be careful with working Chinese. Because this time, you are also an important target of ATO scrutiny.
Especially the wage earners who are paid in cash.
In many places where Chinese students work, the cash settlement of wages has become an implicit rule for both employers and employees.
Cash, on the one hand, means that bosses do not have to abide by the minimum wage set by the government. They pay employees much less than 18.93 an hour, $12 per hour or even $8.
But even though wages are low, many Chinese still bite their teeth and accept this ruthless exploitation. Because they knew that if they didn't do it themselves, there would be a bunch of people scrambling to do the job.
Cash, on the other hand, is also a way for businesses to avoid taxes. Without bank running water, it is hard for squeezed employees to have evidence to file a complaint.
Now, however, the labourers stood up and couldn't bear it. You have to understand clearly that this is not only an act of exploitation, it is also an illegal act.
The boss cash in order to avoid taxes, and you acquiesce in this behavior, so you are his accomplice in tax evasion. And you become Tax Dodger, a tax evader.
If the Inland Revenue Bureau checks the door, you open your eyes to the innocent and say that your salary is yours. Tax evasion is none of your business. Do you think they will believe it?
More importantly, do you know what kind of punishment you're going to face when you get caught evading taxes for working in Australia?
Fine lightly, return heavy!
It's not alarmist!
Student signatures are cancelled every year!
According to statistics, more than 10,000 student visas are cancelled each year, and the number of people who work overtime because of tax evasion is a significant proportion.
There is one thing you may not know yet. The Australian Inland Revenue Department and the Immigration Department's database are connected. If the immigration authorities want to obtain the tax records of foreign students, that is to say, it is easy to use their fingers.
All overtime work, tax evasion, money laundering and other illegal acts can not hide the immigration authorities. Once found, serious circumstances, the direct cancellation of student repatriation, no soft.
Last year, Chinese students were repatriated as a result, and a large group of Chinese received a goodwill "repatriation warning" from the Immigration Service. What did they do? Purchasing Agency。
Purchasing agents themselves are a profession disguised as tax evasion. Tariffs, excise taxes, VAT and personal income taxes, where there are gaps, drill. So, once targeted by the Inland Revenue Department, the repatriation beckons to you.
In Australia, it is very important to manage your own tax issues. Bad records will follow you all your life.
Some people think that they are students, working vacations, not citizens, no tax without pr,. This is a typical misconception. Hurry up and see with the editor, your identity, in Australia, do you want to pay taxes or not?
In any of the following cases, you are an Australian tax resident:
(1) A temporary departure from Australia but no permanent residence in other countries;
(2) visit Australia for more than 6 months and live in one place for a large distribution of time;
(3) Australian overseas students, registered for more than 6 months;
(4) emigrate and plan to reside permanently in Australia;
Clearly, Australian tax residents are not equal to Australian citizens.
All foreign students, friends who work on vacation can pay more attention to their tax problems in the future. This is really a big deal.