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ARTICLE · 08 MAY 2015

Tax Office targets online sellers

The Online Selling Data Matching Program will assess the level of tax compliance for anyone involved in online selling.

AustraliaTax

Many taxpayers will have noticed that "pre-filling" has become much more widespread, which is only possible due to the amount of financial information that is able to be accessed by the Australian Taxation Office.

Each year the government's revenue collection arm extends further and further into the databases of financial institutions, employers and to other sources of relevant records, and with millions of dollars in play, the taxman's ability to pre-fill and use tools such as data-matching and performance benchmarks looks likely to increase.

With the amount of data kept online about taxpayers, it pays to be ever vigilant about meeting tax obligations and therefore avoiding otherwise unnecessary penalties.

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