Business
‘Paid in full’: ATO to send 860,000 warning letters this week – Yahoo Finance Australia
“Super is a form of deferred wages and every bit as important to be paid, and paid in full.”
Australias businesses have until 7 September 2020 to pay previously unpaid superannuation or face harsh penalties, the Australian Tax Office is warning.
Around 860,000 businesses are expected to receive letters from the tax man this week reminding them of their superannuation obligations to both current and former staff.
If they choose to take up the amnesty, they will need to pay all of the previously unpaid super or agree to a payment plan. The ATO estimates workers are owed $2.3 billion i…
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