Posts tagged "esst"

The crackdown on businesses suspected of using technology to obscure their tax obligations continues, with the Australian Taxation Office confirming raids on 17 premises in the past fortnight.

Small businesses using software to digitally cook the books have been put on alert, as investigators led by the Australian Taxation Office crack down on the use of electronic sales suppression tools (ESSTs).

The raids are part of a worldwide effort to crack down on businesses using illegal technology that obscures sales in order to reduce their tax bill.