Jozef Imrich, name worthy of Kafka, has his finger on the pulse of any irony of interest and shares his findings to keep you in-the-know with the savviest trend setters and infomaniacs.
''I want to stay as close to the edge as I can without going over. Out on the edge you see all kinds of things you can't see from the center.''
The OECD’s Tax Administration 3.0 is our vision for 2030, where seamless, integrated, and automated systems allow data to flow from the systems taxpayers already use, to ours, without any extra effort or intervention from them.
To put this in perspective, let me explain the three iterations of tax administration.
The 15th Plenary meeting of the Forum on Tax Administration will be held in Sydney, Australia on 28-30 September 2022. Participation is by invitation only. More information on the event will be made available on this page in due course.
“The OECD’s Tax Administration 3.0 is our vision for 2030, where seamless, integrated, and automated systems allow data to flow from the systems taxpayers already use, to ours, without any extra effort or intervention from them.”
Under this vision, “reporting, payment and real-time compliance checks coincide with the taxable event”.
Outlining five principles to guide the ATO’s future, he asked the audience to picture a future “where businesses no longer need to do monthly or quarterly GST reporting”
“If digital systems can bring together point-of-sale, banking and e-invoicing data at the time of purchase or sale, can their systems report the GST paid or collected to the ATO in real-time too?
“And if we have this real-time GST system, as well as real-time payroll events coming out of STP software, and real-time PAYGI coming out of accounting software, perhaps we can imagine a BAS-free future. We’re dreaming big, but this is the essence of Tax Admin 3.0.”