News

The ATO's data matching projects

Saturday 20th Mar 2010

The ATO has released details of some specific data matching projects it will carry out over the next few years for all registered businesses.

Motor Vehicles
The tax office will collect details of individuals and entities that have motor vehicle valued at $10,000 or more from the state and territory departments. The aim is to capture lower valued vehicles that are increasingly provided as fringe benefits.

Share market transactions data matching
Matching data from the ASX Ltd, Computershare Ltd, Link Market Services Ltd and Registries Ltd. The intention of the project is to confirm that entities are complying with their tax obligations relating to share market transactions.