This document focuses on the ATO’s findings into taxpayer compliance on the reverse charge provisions within the Financial Services and Insurance sector.
A core objective of the Australian Taxation Office’s (ATO) 2021/2022 Financial Services and Insurance (FSI) strategy is building a GST pathway to justified trust for FSI clients. Underpinning a review of key specific industry risks is an emphasis on good governance and building controls to enable an organisation to achieve justified trust.
Source KPMG
Latest Posts in "Australia"
- US Tariff Overhaul Spurs Refund Rush, New Duties for Australian Exporters Amid Policy Uncertainty
- Australia Unveils Tougher Penalties for Tax Adviser Misconduct, Holding Partners Accountable
- Government Announces Additional Fuel Excise Cut and GST Windfall Return for Motorists and Businesses
- ATO Urges Businesses to Review GST Turnover, Update Reporting Methods Before July 2026
- EU-Australia Free Trade Deal Boosts Exports, Faces Criticism Over Agricultural Quotas and Protections
