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  • Data matching

    The ATO receives information from a variety of third-party sources, such as employers and financial institutions. We use this data for a range of activities and one of those is data matching. This ensures taxpayers declare all their income, offsets and exemptions correctly.

    Pre-filling data is available from 1 July, with the majority of your clients' data finalised by mid-August.

    This year we amended over 350,000 individual tax returns before issuing the tax assessments. We used third-party data that was available through your pre-fill service yet was omitted from their tax returns.

    In addition, we corrected approximately 200,000 taxpayers who had apparent discrepancies in their individual tax returns. We were able to validate these using third-party sources after the issue of their tax assessments.

    With improved data available from more sources, we are expanding our data matching to include areas such as:

    • cryptocurrency transactions
    • sharing economy – accommodation providers.

    Take extra care when preparing your clients' tax returns at the start of the financial year, and remind them they need to provide all necessary information.

    See also:

    Last modified: 28 May 2020QC 45703