Australian Taxation Office ends credit card acceptance for tax payments
What happened
The Australian Taxation Office is planning to stop accepting credit card payments for tax bills after November 30. This decision means merchants and government agencies can no longer pass card acceptance costs onto cardholders through a surcharge as of October 1. The ATO determined that ceasing credit card acceptance was preferable to absorbing millions of dollars in associated costs.
From smartcompany.com.au
Why it matters
The policy change forces businesses to adjust their cash flow management strategies, as some small business owners rely on credit card acceptance for flexibility or to collect rewards points. The Australian Government's agency is implementing this rule despite questioning from the Opposition and Independent MP Allegra Spender.
From smartcompany.com.au
Who's involved
- Australian Taxation OfficeThe government agency implementing the policy change regarding tax payments.
- Australian GovernmentThe federal government under whose purview the Australian Taxation Office operates.
- NatoliAn organization subject to regulatory decisions made by the Australian Taxation Office.
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The entities involved
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Natoli
ancient Italian-French princely dynasty
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Australian Taxation Office
Australian government statutory agency and the principal revenue collection body
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