Tax office’s data-matching highlights $53 million in tax return errors as ATO tells taxpayers to take more care
Over 110,000 tax returns have been corrected by the Australian Taxation Office (ATO) prior to tax refunds being issued thanks to new data-matching software at the tax office providing more scrutiny than ever before.
The ATO recovered over $53 million in tax thanks to the correction of 112,000 errors in taxpayers’ tax returns, and while the tax office notes the mistakes are only small, assistant commissioner Kath Anderson says “unfortunately” many are still getting it wrong.
Read the full article at Smart Company.
