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‘No visibility of data’: ATO shuts down concerns over e-invoicing as tax compliance exercise

The ATO has unequivocally declared that it will not use e-invoicing to facilitate tax compliance, despite fears that Australia may eventually move to emulate other countries by scrutinising e-invoicing data.

‘No visibility of data’: ATO shuts down concerns over e-invoicing as tax compliance exercise
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‘No visibility of data’: ATO shuts down concerns over e-invoicing as tax compliance exercise

ATO assistant commissioner Mark Stockwell, who leads the agency’s e-invoicing work, has assured businesses that the Tax Office has not been given the authority to view the contents and details of e-invoices, despite its role in developing and administering the e-invoicing framework in Australia.

Read more at the Accountants Daily.

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