News

Australia’s ‘tampon tax’ is going

The long-running campaign to remove the GST from women’s sanitary products in Australia will finally succeed with state and territory treasurers today backing a plan by the federal government to remove the 10% tax. The change is expected to cost around $30 million annually, but removes what many saw as […]
Australia’s ‘tampon tax’ is going
Tech

Amazon and Australia Post are butting heads over new GST laws

Amazon has proposed a model where delivery service providers would collect GST on behalf of online retailers, but Australia Post has immediately rubbished the idea. Online purchases worth less than $1,000 are not currently slugged with GST but that exemption will be removed from July next year. The Productivity Commission […]
Amazon and Australia Post are butting heads over new GST laws
Tech

The ATO is targeting ecommerce businesses ahead of changes to GST laws

The Australian Taxation Office has used data-matching from external sources to identify thousands of businesses that may need to register for the new GST on low-value goods sold online. Currently items bought online worth less than $1,000 are not charged GST but that exemption will be removed from July next […]
The ATO is targeting ecommerce businesses ahead of changes to GST laws
Tech

The ATO just warned tax-dodging Uber drivers they will be caught

The Australian Taxation Office (ATO) has reminded Uber drivers that they have information from third parties that will allow them to track any income is omitted from tax returns. With the tax return season due to start Monday, ATO assistant commissioner Tom Wheeler said his organisation harvests more than 650 […]
The ATO just warned tax-dodging Uber drivers they will be caught
Tech

Scott Morrison is getting rid of GST on digital currencies like Bitcoin

The federal budget on Tuesday night announced that the purchase of digital currencies like Bitcoin will no longer be subject to GST. From July 1 , 2017, digital currencies will be treated the same way as physical money for GST purposes. That means the current situation, where someone pays GST […]
Scott Morrison is getting rid of GST on digital currencies like Bitcoin
News

eBay is looking at blocking Australians from foreign sellers

eBay says the coming 10% GST on goods bought from foreign sellers may force the online platform to block Australians buying overseas. The current GST exemption for goods of less than $1000 will end on July 1. Platforms, such as eBay and Alibaba, will be required to collect the tax […]
eBay is looking at blocking Australians from foreign sellers
Markets

LinkedIn is going to start charging GST to Australian premium users

The professional networking site LinkedIn will start charging GST from the start of the 2017 calendar year. The site sent messages to premium subscribers yesterday, saying the move is in line with changes to Australian tax regulations. “We will start charging Australian Goods and Services Tax (GST) at the rate […]
LinkedIn is going to start charging GST to Australian premium users
News

There needs to be a better way to share Australia’s GST revenue

Once again we’re seeing a blaze of federal vs state and state vs state discussion about the distribution of GST revenue. And no surprise it’s an energetic discussion, because the distribution is a zero-sum game in which any change that benefits one state will be at the expense of others, […]
There needs to be a better way to share Australia’s GST revenue
News

NSW is taking a $850 million hit to its budget

New South Wales treasurer Gladys Berejiklian received a major budget haircut yesterday after the Commonwealth Grants Commission (CGC), which decides how much GST revenue each state and territory receives, reduced the state’s allocation by around 1.4%. She said NSW will lose around $850 million in GST payments in 2016-17 as […]
NSW is taking a $850 million hit to its budget
News

MALCOLM TURNBULL: ‘There will be no GST increase taken to the election’

Malcolm Turnbull has killed off the idea of a GST increase for good. The prime minister confirmed today the government would not be taking a proposal to increase the goods and services tax to this year’s federal election, having reassessed the economic benefits. “We looked very carefully at several proposals […]
MALCOLM TURNBULL: ‘There will be no GST increase taken to the election’