Taxpayer identification number

Business operators without TIN will be penalised: Abel

Deputy Prime Minister and Treasurer Charles Abel says: “They keep the cash out of the system, not using bank accounts, don’t have tax file numbers and all of that.”

The Government will now be introducing the “tax administration law”, where commercial banks will be giving the government information on all bank accounts that are operating like businesses.

“We have a range of measures that will bolster the system.