Beware Of Tax Related Scams | Ato Tax Rates 2012-2013 Year
Beware Of Tax Related Scams
Beware Of Tax Related Scams
All taxpayers should visit the page for Online Security on the ATO Website. It regularly publishes information on the latest scams identified by them. Any email claiming to be from the taxation office and asking for confirmation of your date of birth, tax file number (TFN), contact details, credit card details or any other personally identifiable information shall be treated as spam. We request that you should not provide this sensitive information to any third party. This comes under phishing and is a fraud in the eyes of the Australian law. These phishing messages may vary in form and content. You can get fraud phone calls, emails, sms, mails and online data. In some cases, even some people claiming to be from ATO may ask you personal information.
At this point, it is very important to notice that ATO never asks you to provide personal information. They will usually send you tax bulletins and emails informing you about the latest updates in the Australian taxation and due dates. Examples of latest ATO related scams are constantly updated on the governments website to inform and educate people about its harmful outcomes. To get regular updates on this, you can either visit their website or subscribe to their RSS Feed. You can also receive email updates by subscribing for the same. Keep visiting our Blog page for more information on precautions to avoid tax related scams.
For more information on tax related scams and safety measures, please contact our tax consultant at
BBW GROUP.
ATO Tax Rates 2012-2013 Year
The adjusted basic tax scale for the Australian residents has been released. Prime Minister Julia Gillard has announced the details of the new tax slab. These will affect all the people who are residing in Australia and are financially independent. We have summarised a list of various tax slabs which can affect your tax obligations:
Taxable Income Tax Payable
0 - $18,200 Nil
$18,201 - $37,00019c for each $1 over $18,200
$37,001 - $80,000 $3,572 plus 32.5c for each $1 over $37,000
$80,001 - $180,000 $17,547 plus 37c for each $1 over $80,000
$180,001 and over $54,547 plus 45c for each $1 over $180,000
These tax slabs are exclusive of the medical levy and low
income tax offset. The tax rates for the medical levy may vary from the 1.5% to 2.5%. In case a person is not maintaining a proper private health insurance. However, the government is offering some exemption from this levy depending on the total income earned.
The low income tax offset can help in reducing your tax by 1.5 cents per dollar above the income of $37,000. The education tax refund is now renamed as school kids bonus, to be applicable from 1 January, 2013. It will affect the tax liability of parents who have kids attending school. However, there are more updates on tax related news, we will keep you updated about these in our Blog.
by: BBW Group
Zeroing In On The Good Traits Of A Black Labrador Pup The Effectiveness Of Pepper 5 Reasons That Make Magento The Best E-commerce Platform Mark Your Presence In The Sanctimonious City Of Amritsar Pejs Mount Ydelser Tilbydes Den Store Vrdi More People Working For A Job Things To Know About The Ski Instructor Course How To Psd To Html - Significance Of Psd To Html Conversion Staying Economical While Moving Help War Veterans By Car Donation Property Management The Bark Collar Device: Will You Buy It Or Not? How To Clean Your Emerald Eternity Ring?