SMSF – ATO finalises its position in relation to event-based reporting
After detailed consultation with the self-managed super fund (SMSF) sector, the ATO announced today that its i
The ATO will send an email or SMS to individuals who will receive their first Division 293 tax assessment or, who will receive it in myGov if they have linked their account to the ATO.
These emails and SMS will only issue during peak assessment periods in November 2016, and between April and early June 2017.
The message advises you to check their assessment as it has important information about tax on your super contributions.