Hopes of OECD Pillar 1 progress puts Australia on watch status for digital levy Australia does not operate a Digital Services Tax, a revenue levy on providers of digital ad’s, content and data services. Whilst it did review the possibility in 2019, but most parties
Australia adoption of Peppol International (PINT) e-invoicing specification The phased introduction of the PINT A-NZ specification of OpenPeppol standard e-invoicing has started. This replaced the ANZ Peppol BIS 3.0 specification from 15th September 2024. The format is obligatory for B2G e-invoicing, and also if e-invoicing
Largest taxpayers must now annually detail unresolved GST maters; control issues; risks; and errors The Australian Taxation Office (ATO) is looking to strengthen GST compliance at the largest taxpayers with the introduction of a new annual GST return. It requires disclosures and reporting reconciliations on
NSW Supreme Court rules Uber platform mere collection agent; GST obligations unclear The Supreme Court of New South Wales in Australia has ruled ride-sharing drivers are independent, and not employees, in a case concerning ride-sharing. This means any Goods and Sales Tax obligations remain with
Australia extended its 10% Goods and Services Tax (GST) to electronic or digital services provided by foreign sellers or marketplaces from 1 July 2017. This includes marketplaces becoming the deemed supplier – Electronic Distribution Platforms EDPs . There is GST registration threshold for non-resident providers of
Goods and Services Tax compliance and reporting rules in Australia Below is summary of the major rules provided under Australian GST rules (New Tax System (Goods and Services Tax) Act 1999; A New Tax System (Goods and Services Tax) Regulations 2019). Check our country VAT
Board of Taxation reveals AUD 760m revenues – more than four times budget following withdrawal of Low Value Imported Goods regime In July 2018, Australia scraped the LVIG Goods and Services Tax exemption on imported B2C goods not exceeding AUD 1,000. Since then, any import
Australia is proposing to require gig & sharing electronic marketplaces and platforms report on their third-party Goods and Services (GST) transactions and payments. The draft legislation was passed by the House of Representatives on 18 October 2021. This follows similar requirements in Europe, including the
The Australian Tax Authority (ATO) has targeting mandatory electronic invoicing on B2G transactions by July 2022. With New Zealand, in February 2019 is launched a Peppol-based regime. This will then be rolled out initially voluntarily to the wider economy as an open network automated exchange
GST credits; import GST postponements; foreign low-value goods and digital providers. The Australian Taxation Office has announced a range of refliefs for businesses as the COVID-19 pandemic continues to affect businesses and consumers. The Goods and Services Tax measures include: Move to monthly GST returns
