- A new supplementary annual GST return will be introduced for large taxpayers in Australia for the 2024-2025 financial year
- The return is for taxpayers who have had a GST assurance review
- The return will report qualitative information about actions taken to address low assurance areas, GST governance ratings, performance of the GST Analytical Tool, and material uncertain GST positions or reporting errors
- A pilot program will be run for the first six months with a small number of taxpayers from the Top 100 and Top 1,000 groups participating
Source: kpmg.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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