ATO’s key results in 2014-15
August 9, 2016
| in Uncategorized
- 17.7 million income tax returns lodged
- 89.2% of tax liabilities were paid on time
- 1,400 taxpayers (individuals and companies) were prosecuted for income tax matters
- 96 million transactions were available for pre-filling
- more than 650 million transactions were reported by third parties for data matching purposes
- 450,000 reviews and audits resulted in over $1.1 billion additional income tax
- more than 26,000 small businesses were reviewed, raising $910 million
- more than 9,400 compliance activities on privately owned and wealthy groups, raising over $2.1 billion in tax liabilities