Transparency

Public and international groups want more guidance about the current ATO interpretation of law, and more information about the risk assessment process so they have more certainty.

We keep businesses informed by advising what we know about them, including our view of their tax risk. To improve this process, we’ve been reviewing our risk-differentiation framework to ensure it is focused on both risk and relationships. We’re also developing a self-review guide to help businesses evaluate their strategic and operational tax risk identification and governance framework.

You can:

• correct a mistake by requesting a self-amendment or making a voluntary disclosure
• lower your tax risk through good tax governance
• make the right choices by knowing what attracts our attention
• engage with us through consultation.