2023/24 Federal Budget revealed that the Government will invest:

  • $89.6 million into the ATO’s Personal Income Tax Compliance Program.
  • $27 million to improve data-matching to identify cases of superannuation guarantee underpayment by employers.
  • $588.8 million (over 4 years) to continue range of activities that promote GST compliance.

ATO’s Compliance focus 2023:

  1. Capital Gain Tax (CGT)
  2. Super contributions
  3. Unpaid Super & PAYG-W
  4. Late TPARs
  5. Cash economy (hidden wages)
  6. Work related expenses
  7. Holiday homes and rentals

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