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The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
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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.
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.