Former tax agent convicted over misleading statement in registration renewal

The Tax Practitioners Board (TPB) said the offence related to a renewal application lodged with the TPB on 31 October 2024.

Within the application, Kang responded "No" to a question asking whether he or any associated entities over which he had direct or indirect control had overdue tax obligations.

"This statement proved to be false as at the time of lodgement, multiple entities associated with Mr Kang recorded outstanding tax lodgements," said the TPB.

The TPB said that as part of the renewal process, applicants must declare that the information provided is true and correct.

"Providing false or misleading information in a material particular is an offence under taxation law," it said.

"Accurate and complete disclosure is essential to enable the TPB to assess whether applicants continue to meet the requirements for registration. Most tax practitioners do the right thing and declare any outstanding tax obligations when completing the registration process."

The TPB said it recognises that tax practitioners may at times experience hardships and fall behind with their obligations.

"However, it remains important that tax practitioners are open and honest with the TPB so that they can work with them to address any issues," the regulator said.

"Meeting one’s own tax obligations is a fundamental professional standard and underpins public confidence in the tax profession."

TPB chair Peter de Cure said the case reinforces the importance of integrity in dealings with the regulator.

"Registered tax practitioners are expected to meet appropriate standards of professional and ethical conduct, including complying with their own tax obligations," said de Cure.

"The registration and renewal process depends on applicants providing accurate and truthful information. The TPB will take action where false or misleading information is provided in support of registration or renewal."