Sunday 11 November 2012

ATO to data match motor vehicle purchases

The ATO will request and collect details from state3 and territory motor vehicles registries or individuals and businesses that purchased a motor vehicle for more than $10,000 in the 2011/12 and 2012/13 financial years.
The data will be electronically match with ATO data to identify non-compliance with tax obligations, particularly to identify high risk non-lodgers, those with undeclared income and support regarding luxury car tax, fringe benefits tax and fuel tax compliance activities.

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