Date posted: 3/10/2019 2 min read

Submission on ATO estimating GST

CAANZ expresses caution about how ATO intends to estimate GST.

The Australian Taxation Office (ATO) has release a draft practical compliance guideline (PCG2019/D4) which outlines how the Commissioner intends to administer proposed changes that allow the ATO to estimate a taxpayers' GST liability.

CAANZ submission cautions that identifying phoenix activity, which this measure is aimed at thwarting, can be difficult and calls for SES level review of any proposed GST estimate. Comments about the wording of proposed practical compliance guide are also made.

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