CAR or SAR, or both? ATO Top 1,000 and Next 5,000 - will you be next?
When the ATO’s Top 1,000 income tax performance comes to an end in December, the Top 1,000 combined assurance review (CAR) will begin – combining both income tax and GST reviews for the Top 1,000 taxpayers (with a turnover of greater than $250 million, but not those in the Top 100 program).
Meanwhile the Top 1,000 GST assurance program will also continue, and the Next 5,000 program has already kicked in, with the ATO undertaking a streamlined assurance review (SAR) of high wealth private groups (with wealth in excess of $50 million and not already in the Top 500 program).
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