GST Direct
GST Direct updates you on recent GST and indirect tax developments and highlights topical issues and opportunities.
Download the latest issue:
The first edition of GST Direct in 2012 covers a range of topical and practical GST issues:
- GST issues to think about at tax year end
- update on late fees and insolvency GST proposals
- Qantas case on cancelled deposits heading to highest Australian court
- recent IR focus
- loyalty schemes
- GST observations from IR's brief to incoming Minister of Inland Revenue.
The December 2011 of GST Direct is a special festive season edition covering a number of significant and topical GST issues.
In this edition we cover:
- latest update on the proposal to tax late fees;
- holiday season GST reminders;
- seasonal vouchers;
- European value added tax reform calling for broad base/standard rate model;
- practical issues with the land rules;
- GST pricing tips and traps.
This edition of GST Direct focuses on the latest GST developments, including the proposals to:
- make some late payment fees subject to GST;
- deny liquidators, receivers and administrators the ability to change their GST accounting basis from payments to invoice; and
- make it easier for non-resident businesses to claim GST refunds.
Other issues covered include:
- changes to the land zero-rating rules; and
- the ability to claim a GST deduction on costs incurred before 1 April 2011 to reflect the change in the GST treatment of accommodation.
This latest special edition of GST Direct focuses on the key GST issues facing the financial services industry covering:
- New GST recovery rules;
- GST recovery methods;
- Recovery of GST costs incurred by investment holding entities;
- Insurance; and
- Leasing.
Also covered are topical non-financial services GST issues including:
- Tripartite arrangements;
- More changes to the land and accommodation rules;
- Receipt of insurance pay-outs; and
- Valuing emissions units.
In this issue, we summarise the significant new GST rules that take effect from 1 April 2011.
Also included in this issue:
- a transaction checklist for vendors and purchasers entering into land transactions under the new compulsory zero-rating (CZR) regime; and
- other current GST issues including:
- tax invoices in a foreign currency;
- cancelled supplies;
- insurance claims; and
- earthquake support payments.