Briefing document: ATO guidance on GST reverse charge provisions

This document focuses on the ATO's findings into taxpayer compliance on the reverse charge provisions within the Financial Services and Insurance sector.

A core objective of the Australian Taxation Office’s (ATO) 2021/2022 Financial Services and Insurance (FSI) strategy is building a GST pathway to justified trust for FSI clients. Underpinning a review of key specific industry risks is an emphasis on good governance and building controls to enable an organisation to achieve justified trust. In late December 2021, the ATO shared with advisors its findings on one of the key specific industry risks for FSI clients – the GST reverse charge provi...

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Authors: Anthony Versace, Majella Crowe

Published Date: 17 February 2022