- Top 100 justified trust program for Goods and Services Tax
- Future engagement approach for taxpayers with overall high assurance
- Periodic reviews at least once every 4 years
- Monitoring and maintenance stance during intervening 3 years
- Expectation for taxpayers to proactively engage and make disclosures
- Monitoring of GST disclosures and outcomes using data and analytics
- Targeted assurance activities may be conducted during the intervening 3 years
- Refresh review to reaffirm confidence in taxpayer’s compliance with GST reporting and payment
Source: ato.gov.au
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
