The refresh of the Large business and tax compliance publication demonstrates our commitment to having a transparent relationship with the large market. In this latest edition we have updated information about the way we approach and manage compliance risks for large businesses.
We consulted internally and with taxpayers and their advisers on the publication to ensure it represents the current environment and remains useful for us and for taxpayers.
This publication takes an end-to-end look at the way we want to work with you and your advisers to help you identify and manage compliance risks. In it, we set out what we expect of you, what you can expect from us and the way we believe we should work together.
We explain how we assess risk and what you should do to ensure you have appropriate governance mechanisms in place to help you manage tax risks. We provide detailed information about our real-time approaches which are used to identify and assess potential areas of concern and tax risk.
Our processes are outlined so you can know what to expect during compliance activities if we decide to review or audit your business. We have included additional information about how we undertake our pre-lodgment compliance reviews, which are designed to identify and assess tax risks earlier and more effectively. We also explain your options should you have a concern or if you are seeking to resolve a dispute with us.
I encourage you to read this publication and use it as a guide and reference tool. I am confident you will continue to find it a valuable resource for managing your tax processes. It will assist you in being proactive in managing your tax and super compliance risks so that you can have greater certainty and an open and transparent working relationship with us.
Bruce Quigley
Second Commissioner Compliance
Last Modified: Wednesday, 27 February 2013