ATO Signs Annual Income Tax And GST Compliance Arrangement With BAE Systems
The BAE has signed a legal compliance arrangement with the Australian taxation office. This move will help in creating simple solutions and transparency in the BAE business, said BAE Finance director Alan Osborne. The compliance will reduce the total cost of tax related work for businesses and will also help in providing ready-to-use solutions rather than facing surprising conditions and uncertain future. BAE believes “this is an opportunity to work closely under ATO’s guidance”. They can together try out some innovative solutions to problems related to tax compliance. The compliance arrangements will also hep ATO in achieving great insights about the tax arrangements in small businesses. The ATO can help in minimising litigation issues and achieving more success ratio in solving compliance problems.
The ATO will help in prioritising taxation obligations for businesses and devise plans to provide quick response. In cases related to Australian income tax legislation and liability, this move will be very fruitful. Taxation office will also provide practical solutions to tax compliance problems and sometimes may also create business forecast for them. Mr. D. Ascenzo said that “he hopes this compliance arrangement will further make way for large businesses to enter into compliance arrangement with Australian taxation office (ATO).
The ATO will help in prioritising taxation obligations for businesses and devise plans to provide quick response. In cases related to Australian income tax legislation and liability, this move will be very fruitful. Taxation office will also provide practical solutions to tax compliance problems and sometimes may also create business forecast for them. Mr. D. Ascenzo said that “he hopes this compliance arrangement will further make way for large businesses to enter into compliance arrangement with Australian taxation office (ATO).
0 comments:
Post a Comment