What is the focus of the ATO's compliance programs?

The focus of the ATO's compliance programs centers around education, risk assessment, and enforcing compliance. This approach aims to promote voluntary compliance among taxpayers while ensuring that the tax system is fair and effective. By providing education, the ATO helps taxpayers understand their obligations and the importance of accurate reporting. Risk assessment allows the ATO to identify areas where non-compliance is more likely to occur, enabling targeted interventions. Lastly, enforcing compliance through audits and investigations ensures that those who do not comply with tax laws are held accountable. This comprehensive strategy balances support for taxpayers with the need to uphold tax laws, ultimately enhancing public trust in the tax system.