We will provide an income tax profile to the largest groups, and other private groups where specific issues have attracted our attention. By sharing information about what we know about you, the profile provides you with an opportunity to self-correct.
Information in the income tax profile
The profile will contain the following information:
- our view of your risk categorisation based on our risk differentiation framework
- an analysis of your tax performance and economic performance compared with similar businesses and how we assess risk
- an overview of your group structure based on our private group approach
- specific areas that may attract our attention.
It is important to note that the profile reflects our preliminary view of your group’s level of risk at a point in time. It does not indicate that you haven’t complied with your tax obligations.
We will provide an income tax profile to private groups where specific issues have attracted our attention. The profile can help you with your tax compliance and give you an opportunity to self-correct if needed.