Share on LinkedInShare on LinkedIn

ARTICLE · 26 FEBRUARY 2021

Tax administration lessons learnt from COVID-19 (and promptly forgotten)

2020 was a year of disruption and difficulties, but it may also have been the zenith of tax administration in Australia.

AustraliaTax

Although most of us will remember 2020 as a year of enormous disruption and difficulties, it likely represents the zenith of tax administration in Australia.

Driven by Treasury's JobKeeper and Cashflow Boost programmes, the ATO pivoted in a way never seen before in an organisation of over 20,000 employees. In a surprising, but necessary, decision the Commonwealth government tasked the ATO with supporting nearly one million businesses and three million employees. In the first iteration of JobKeeper alone, the ATO handed out nearly $9 billion in payments1. So successful was the ATO's administration of this programme, Treasury noted:

"Around 97 percent of claims have been paid to employers within three business days of employers making the employee declaration."

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See more popular content from