Budget 2015: Tax Compliance
May 2015
SFCT at the forefront
The Tax Office will receive an extra $265.5m over 3 years from 1 July 2016 for its GST compliance program. The Serious Financial Crime Taskforce is increasingly taking the lead on investigations and prosecutions for superannuation and investment fraud, identity crime and tax evasion. The Taskforce has received an additional $127.6m over 4 years.
Tax Commissioner given power to change laws
The Government is providing the Tax Commissioner with the ability to make a legislative instrument to modify the operation of the tax law to ensure that the law's purpose or object is achieved. Any legislative instrument will be subject to consultation and disallowance by Parliament, and will also require royal assent.
Technology to transform how you interact with Government
The Government is committing $254.7 over 5 years to implement an agenda that uses technology to streamline how you interact with Government.
- Implement a 'tell us once' service so you can update your contact details once for all agencies
- Streamline grants administration including a single portal to search and apply for all grants
- A whole of Government digital mail box to enable you to receive and transact digital messages with the Government in a secure and seamless environment
More from the 2015 Budget:
- The "Have a Go" Budget
- Small Business Package
- Business in General
- International tax changes
- Superannuation & Pensions
- Families & Individuals
- Economy in Brief
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Disclaimer
This article is provided for information purposes only and correct at the time of publication. It should not be used in place of advice from your accountant. Please contact us on 02 9957 4033 to discuss your specific circumstances.
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