- ATO has made changes to the Top 1000 Combined Assurance Review program
- Focus on obtaining assurance for taxpayer compliance and tax governance for income tax and GST
- Differentiated approach for GST compliance and governance for Top 1000 taxpayers with previous assurance reviews
- Deloitte Australia welcomes the refinements to the ATO’s assurance activity for larger entities
- Taxpayers must continually invest in tax governance frameworks to maintain high assurance ratings
- Proactive assessment of gaps in GST controls framework can lead to higher assurance ratings
Source: taxathand.com
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.
