GST |
Transaction taxes like GST represent both a risk and an opportunity for your business. Insufficient consideration of the GST consequences of transactions can result in competitive disadvantage. Identifying and managing GST risk in the business is very different to corporate income tax.
The ATO sees ‘integrity of business systems’ issues as one of the main GST risks for large business. ‘Best practice’ GST compliance and reporting are vital to free up scarce resources to concentrate on higher-value work. Our national GST team works across all industry sectors, helping our clients manage their GST risk and maximise their GST position.
Latest developments
Deloitte review, 4 May 2011 |
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Retirement villages GST ruling finalisedThe ATO has finalised a GST public ruling on retirement villages. |
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Division 81 changes: GST treatment of taxes, fees and chargesA new Bill will affect the way government agencies decide if taxes, fees and charges are subject to GST. What should they be doing? |
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Luxottica: Commissioner's appeal dismissedThe Full Court has dismissed the Commissioner’s appeal against the decision of the Administrative Appeals Tribunal. |
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Retrospective GST changes for residential premisesThe Federal Government has announced that it will retrospectively amend the GST law applying to supplies of some residential premises. |