Compliance program 2011-12

Tax reporting of exports including excisable goods

We will be examining the risks associated with tax reporting of exports of excisable goods and wine. We will also be looking at the entire tax obligations of entities, in relation to exports, to enable us to understand whether exporters are complying with GST and income tax obligations.

We are concerned with a number of risk scenarios:

• entities may be claiming or reporting they have exported goods, including excisable goods, but no export has occurred - this may include diversion of goods
• entities may be reporting exports to Australian Customs and Border Protection Services and exporting goods but not including income in income tax returns.

We will be examining data across a number of agencies including Australian Customs and Border Protection Services and AUSTRAC to identify entities for further compliance activities.

Sections within Small-to-medium enterprises

• Private groups
• Highly wealthy individuals
• Wealthy Australians
• $100 million - $250 million segment
• Employer obligations
• Lodgment compliance
• Trusts
• Phoenix arrangements
• Overseas interests and international dealings
• Division 7A
• Capital gains tax
• Foreign residents
• Capital and revenue losses
• Restructuring by professional firms
• Fringe benefits tax
• Taxation of financial arrangements (TOFA)
• Small business and general business tax break
• Goods and services tax (GST)
• Refund integrity
• Property
• Retirement villages
• Integrity of business systems
• Financial supplies
• International and cross-border transactions
• GST serious evasion
• Excise
• Excise equivalent goods
• Tax reporting of exports including excisable goods
• Wine equalisation tax
• Alternative fuels
• Superannuation
• Managing business tax debt