Moltoni v CofT – Commissioner’s refusal to revoke DPO upheld – taxpayer bankrupted over $36m tax liability arising from him being personally assessed on a $21m payment from a company the infamous Mr Oswal controlled to a BVI company the taxpayer controlled

On 11 February 2020, the AAT upheld the Commissioner’s decision refusing to revoke a ‘Departure Prohibition Order’ (DPO) imposed because he was assessed to tax resulting in $36m in tax liabilities, related to Mr Oswal, who departed from Australia, with substantial funds shortly before an ammonia plant, he ran, collapsed in Western Australia.

See below for further detail.

[Tax Month – February 2020]