ATO to Collect Government Payments Data for Enhanced Compliance
Data matching for 2024–2026 will track payments to 60,000 service providers annually, improving tax transparency and accuracy.
The ATO will acquire government payments data from government entities which administer government programs for the 2024 to 2026 income years, matching data on government payments made to service providers against ATO records, including service provider identification details and payment transaction details.
The ATO estimates that records relating to approximately 60,000 service providers will be obtained each financial year, including approximately 9,000 individuals, with the remainder consisting of companies, partnerships, trusts and government entities.
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