Federal Budget 2025: Re-announcements, deferrals and ATO funding
The ATO has provided an update on its blueprint for creating a more streamlined, digitalised tax experience, called Tax Administration 3.0, which aims to make it easier for small businesses to meet their obligations.
Speaking at an event yesterday, Michael Morton, assistant commissioner at the ATO, said creating an easier digitalised tax experience for small businesses would help prevent debt, reduce cost and compliance burdens and ensure businesses have certainty that they're meeting their tax obligations correctly.
ATO outlines current focus areas for tax 3.0 plans
The Australia Taxation Office’s deputy commissioner for smarter data, Marek Rucinski, said the ATO is using natural language processing for some time to review large amounts of unstructured data, with the goal of gaining insights and identifying risks that would be impossible for humans to detect due to the volumes and complexity involved.
A great session on GovTech, AI and related matters for Fiscal Affairs experts at the IMF, featuring Herve Tourpe, Marek Rucinski, and others
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