It discusses the importance and benefits of a good relationship between wealthy individuals and the Tax Office.
The booklet is a guide to tax compliance for wealthy individuals. It provides a reference for the wealthy to maintain high standards of governance over their tax affairs, in consultation with their adviser.
The booklet describes the strategies and processes the Tax Office employs to ensure the compliance of wealthy individuals including:
preliminary risk reviews
comprehensive risk reviews
audits
expanded returns, and
entity questionnaires.
The booklet also:
discusses the issues and characteristics that will attract our attention and constitute a risk, and
supplies key information to help the wealthy comply with their tax obligations.
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