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ATO’s compliance program for private groups

KPMG Brisbane hosted senior ATO officers on 25 February regarding the compliance program for the Top 500, Next 5,000 and medium and emerging private groups.

The Australian Taxation Office (ATO) says taxpayers should actively identify tax risks early to prepare for its planned reviews.This was one of the key messages delivered this week during an event hosted by KPMG Brisbane, attended by ATO officers.It follows the ATO announcement late last year that it will now be tailoring its compliance activity in the private wealth market in accordance with three segments.The segments are:Top 500 large private groups – generally turnover greater than $250 m...

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Authors: Keith Swan, Nathan Fenner,

Angie Hicks

Published Date: 28 February 2020

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