- Purpose of guidance is to outline approach and outcomes of Top 100 GST Assurance refresh review
- Top 100 GST assurance program aims to ensure correct reporting and payment of GST in Australia
- Program involves initial review, tailored assurance approach, and periodic refresh reviews
- Taxpayers expected to proactively engage and make disclosures during monitoring and maintenance period
- Refresh review will apply justified trust methodology and address actions from initial review
- Primary objective of refresh review is to reaffirm confidence in taxpayer’s GST reporting and payment
- Expect taxpayers to review control frameworks, conduct data testing, and make real-time disclosures
- Intensity of refresh review will depend on taxpayer’s circumstances and ADF rating
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.
Latest Posts in "Australia"
- ATO Releases 2025-26 GST Strategy: Key Focus Areas for Financial Services and Insurance Sectors
- Productivity Commission Seeks Feedback on Effectiveness of 2018 GST Reform and Revenue Distribution
- ATO Clarifies GST-Free Status for Sunscreen Products Based on SPF, ARTG, and Marketing Use
- Australia Opens Consultation on 2018 GST Reform Review
- Australia’s Phased E-Invoicing via Peppol: B2G Mandate, B2B Voluntary, ATO Oversight
