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Could e-invoicing lead to an ATO automated BAS?

While the government continues to peddle e-invoicing for its productivity benefits rather than its tax compliance potential, the international experience suggests that e-invoicing data could eventually be used to combat tax evasion and the black economy.

Could e-invoicing lead to an ATO automated BAS?
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  • Shared by AccountantsDaily
  • •
  • March 08, 2021
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  • 1 minute read
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Could e-invoicing lead to an ATO automated BAS?

As the government mulls its approach towards mandating e-invoicing for businesses, the ATO and other government agencies have declared that they will not have access to e-invoices exchanged between businesses, meaning they cannot view the e-invoices’ contents and details.

Read more at the AccountantsDaily.

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