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
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