ATO Holds Significant Global Entities Accountable for Late TPAR Lodgement
The Australian Taxation Office (ATO) has issued a clear and firm reminder to Significant Global Entities (SGEs) about their obligations regarding the Taxable Payments Annual Report (TPAR), following the 28 August deadline. A recent case in the 2024–25 financial year underscores the serious consequences of non-compliance, resulting in a $639,600 Failure to Lodge (FTL) penalty for a single entity. This…
