Data matching update
AUSTRAC transaction report information data-matching program The ATO will acquire transaction report information data from AUSTRAC for the period of 17 June 2021 through to 30 June 2027. AUSTRAC (the Read More…
ATO property data-matching programs
New ATO data-matching programs involving property The ATO has advised that it will engage in two new data-matching programs dealing with property transactions, as follows: The ATO will acquire property Read More…
New ‘gig’ economy reporting
Mid-Year Economic and Fiscal Outlook The MYEFO announced the Government’s intention to implement a new third party reporting regime for the sharing economy. Treasury released its Mid-Year Economic and Fiscal Read More…
Lifestyle assets continue to be an ATO audit target
Lifestyle assets targeted The ATO has revealed it will request a further five years’ worth of policy information from over 30 insurance companies about taxpayers who own marine vessels, thoroughbred Read More…
Reporting asset disposals for CGT
ATO’s data-matching capabilities increase Close attention being paid to capital gains made on shares, property and cryptocurrency. Therefore, it’s important to let us know about any asset disposals (which can Read More…