- GST Gap and Trends:
The GST gap hit a low during COVID-19 due to online shopping but is now rebounding upward post-pandemic. - Justified Trust Program Impact:
The program has improved GST performance in Top 100 and Top 1000 businesses, enhancing governance and controls. - Future Initiatives and Challenges:
The ATO is addressing complex GST classification issues for evolving products and investing in future-proofing tax administration with digital advancements.
Source KPMG
Latest Posts in "Australia"
- Australia Sets E-Invoicing Timeline for Commonwealth Agencies by December 2026
- Australia Introduces Bills to Pause Draught Beer Tax Indexation for Two Years
- Australia-UAE Free Trade Agreement Comes Into Effect
- Australia Establishes E-Invoicing as Default in Federal Procurement
- Australia Proposes GST Updates for Copyright and Digital Media to Modernize Tax Frameworks
