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The Australian Taxation Office (ATO) has released guidance on its Ride Sourcing data matching program, developed to address registration, lodgment, and reporting risks.
The ATO said it will request details of all payments made to ride sourcing providers from accounts held by a ride sourcing facilitator's financial institution for the 2016-17 and 2017-18 financial years. It will match this data against its own records, to identify ride sourcing drivers who may not be meeting their registration, reporting, lodgment, and/or payment obligations.
The ATO added that it will initially use the data to identify and inform ride sourcing providers of their taxation obligations as part of an information and education campaign. It may also initiate compliance action based on the data it acquires.
According to the ATO, the program aims at promoting voluntary compliance and increasing confidence in the integrity of the tax system, and at assisting drivers to comply with their obligations. The Office also intends to use the data obtained to improve its understanding of the behaviors and compliance profiles of individuals and businesses that provide ride sourcing services.
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