ATO introduces new GST annual return for large businesses undergoing assurance review.

• A new supplementary annual GST return is being introduced by the Australian Taxation Office (ATO)
• The return is for large businesses who have received a GST assurance review
• The information in the return will enable a more targeted and less resource intensive justified trust review
• The ATO will initially trial the return through a pilot of Top 100 and Top 1,000 taxpayers in the next six months
• Deloitte Australia expects the ATO to release web guidance and further details on who is required to lodge the return

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.

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