The Modernisation of Tax Administration Systems program
As part of the 2024–25 Mid-Year Economic and Fiscal Outlook, the Australian Government announced support for an expansion of the Modernisation of Tax Administration Systems (MTAS) program.
The program builds upon the changes that were:
- first announced in the March 2022 Budget as the 'Digitising trust income reporting and processing measure'
- delivered in Tax Time 2024.
Aims of the program
The program aims to:
- improve the lodgment experience for trustees and beneficiaries, making it easier to meet reporting obligations and reduce errors
- enable greater transparency through improved reporting, data-matching, and pre-fill
- strengthen system integrity and ensuring consistent reporting across all trusts to enable us to ensure the right amount of tax is being paid
- support taxpayers to meet their obligations, and direct compliance and assurance activities towards taxpayers of highest risk.
Improvements to our systems
Improvements to our systems will:
- reduce compliance costs for trustees, beneficiaries and tax agents
- enable even more trust tax returns to be lodged electronically
- enable the pre-filling of trust distributions to beneficiary's tax returns.
The MTAS program will deliver these improvements through changes in both Tax Time 2026 and Tax Time 2027.