Jim Chalmers delays ATO’s controversial ban on credit card payments following business outcry

AI Summary

Australian Treasurer Jim Chalmers has delayed the Australian Taxation Office’s planned ban on credit-card payments for tax bills by up to a year. The delay follows opposition from small businesses and is supported by additional funding for a transition period.

Treasurer earmarks funds for year-long transition period for tax office, delaying ban’s 30 November start date A controversial credit card ban for payments on tax bills will be delayed by up to a year after extra funding was announced for the Australian Tax Office. Treasurer Jim Chalmers announced the move on Friday following backlash from small businesses in response to the ATO’s plan. Continue reading...