What attracts the ATO’s attention?

To help you get things right, you should consider the behaviours, characteristics and tax issues that attracts ATO attention.

The ATO has published this information below – as part of their commitment to transparency in working with privately owned and wealthy groups.

Broadly, the following behaviours and characteristics may attract ATO attention:

    There are specific behaviours and characteristics that attract our attention in relation to:

  • tax or economic performance is not comparable to similar businesses
  • low transparency of your tax affairs
  • large, one-off or unusual transactions, including transfer or shifting of wealth
  • a history of aggressive tax planning
  • tax outcomes inconsistent with the intent of tax law
  • choosing not to comply or regularly taking controversial interpretations of the law
  • lifestyle not supported by after-tax income
  • accessing business assets for tax-free private use
  • poor governance and risk-management systems.
  • Capital gains

Integra is committed to keeping you updated with the most relevant information possible.

If you have any queries or need assistance surrounding any of the above information please contact us as soon as possible.

P 08 9572 3071
E admin@integra-ba.com.au