We are consulting with the community on a range of matters affecting:Individuals[202503] Indigenous and Remote Communities Grant Opportunity – National Tax Clinic program [NEW][202502] Changes to legacy retirement products [NEW][202501] Understanding digital service needs for tax professionals [NEW][202425] Tax treatment of crypto assets[202423] Enhancing eInvoicing adoption[202418] ATO Vulnerability frameworkBusiness[202503] Indigenous and Remote Communities Grant Opportunity – National Tax Clinic program [NEW][202427] Integration of the Cloud Authentication and Authorisation model into the sending service provider process [NEW][202426] Public country-by-country reporting transparency measure and exemption discretions[202423] Enhancing eInvoicing adoption[202404] Modernising PAYG instalment systems for small businesses with business accounting softwareNot-for-profitSuperannuation[202502] Changes to legacy retirement products [NEW]Intermediaries[202502] Changes to legacy retirement products [NEW][202501] Understanding digital service needs for tax professionals [NEW][202427] Integration of the Cloud Authentication and Authorisation model into the sending service provider process [NEW][202426] Public country-by-country reporting transparency measure and exemption discretions[202425] Tax treatment of crypto assets[202423] Enhancing eInvoicing adoption[202418] ATO Vulnerability framework[202404] Modernising PAYG instalment systems for small businesses with business accounting softwareFor more information, seeOpen consultation including advice and guidance productsPlanned consultationSpecial purpose working groups
Brief
On 05/02/2025, the Australian Taxation Office (ATO) issued an update regarding Matters under consultation. The ATO is consulting with the community on various matters affecting individuals, businesses, and other stakeholders, including changes to retirement products, eInvoicing adoption, tax treatment of crypto assets, and modernising PAYG instalment systems for small businesses.
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Purpose
The Australian Taxation Office (ATO) is consulting with various stakeholders, including individuals, businesses, not-for-profit organizations, superannuation entities, and intermediaries, on a range of matters affecting these groups. The purpose of this consultation is to gather feedback and input from the community on several proposals and initiatives aimed at improving tax-related services, products, and processes.
Effects on Industry
The proposed changes and initiatives are expected to have far-reaching effects on various industries and stakeholders. For individuals, the introduction of a National Tax Clinic program for Indigenous and Remote Communities Grant Opportunity may provide access to essential tax assistance and education. The changes to legacy retirement products may impact superannuation entities, while the modernization of PAYG instalment systems for small businesses with business accounting software may simplify tax compliance processes for businesses.
The integration of the Cloud Authentication and Authorisation model into the sending service provider process is expected to enhance security and efficiency in tax-related transactions. The public country-by-country reporting transparency measure and exemption discretions may have significant implications for businesses operating globally, while the tax treatment of crypto assets may require intermediaries to adapt their services and advice to clients.
The enhancement of eInvoicing adoption and the ATO Vulnerability framework are expected to improve the overall tax experience for individuals and businesses alike. The proposed changes to legacy retirement products and the integration of the Cloud Authentication and Authorisation model into the sending service provider process may also impact not-for-profit organizations and superannuation entities.
Relevant Stakeholders
The following stakeholders are affected by the proposed changes and initiatives:
- Individuals, particularly those in Indigenous and Remote Communities who may benefit from the National Tax Clinic program
- Businesses, including small businesses with business accounting software that will be impacted by modernized PAYG instalment systems
- Not-for-profit organizations and superannuation entities that may be affected by changes to legacy retirement products and the integration of the Cloud Authentication and Authorisation model into the sending service provider process
- Intermediaries who will need to adapt their services and advice to clients in response to changes in tax treatment of crypto assets, public country-by-country reporting transparency measures, and exemption discretions
Next Steps
The ATO invites stakeholders to provide feedback on the proposed changes and initiatives through an open consultation process. This includes reviewing and responding to advice and guidance products, participating in special purpose working groups, or engaging with planned consultation processes.
Any Other Relevant Information
The ATO has committed to providing regular updates on the progress of these consultations and initiatives. Stakeholders are encouraged to visit the official website for more information on open consultation processes, planned consultations, and special purpose working groups. This will enable them to stay informed about any developments or changes that may impact their business or organization.
