- Hector Thompson is speaking at the Tax Institute’s National GST Conference in Australia.
- He acknowledges the traditional owners and custodians of the land.
- He thanks the Tax Institute for the opportunity to speak and his team for their assistance.
- The theme of his speech is the future of GST compliance.
- Tax systems must adapt to change.
- The GST system in Australia has evolved over the years.
- The ATO adopted a flexible approach during the transition period.
- Innovations were introduced to enhance the client experience and reduce compliance costs.
- Digital transformation has had a significant impact on GST compliance.
- The system has adapted well to changes in technology and consumer spending habits.
- GST cash collections were over $81 billion in the 2022-23 financial year.
- GST receipts are expected to grow by 5% to $86 billion in the current financial year.
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"
- Australia Proposes GST Updates for Copyright and Digital Media to Modernize Tax Frameworks
- Australia’s e-Invoicing Mandate: Key Highlights
- ATO Proposes New GST Rules for Copyright and Multimedia Transactions in Australia
- Australia Sets 2026 Deadline for Mandatory E-Invoicing with Government Agencies
- Australia Mandates E-Invoicing for Government Agencies by 2026 to Boost Efficiency and Reduce Fraud