Australia Seeks Comment on GST Return for Top Companies

Australia is seeking public input on a new form the largest companies operating in the country will file for the goods and services tax.

The Australian Taxation Office said it would release a new “supplementary annual GST return” for corporate taxpayers that are part of both the Top 100 and Top 1,000 program and have received a GST assurance rating in a previous review.

“The introduction of the return will enable us to make informed decisions about future engagements with taxpayers and enhance our treatment strategies and ability to monitor GST risks that arise in the large market,” the ATO ...