Some announced changes to GST laws will not proceed - 10 Jan 2014
Friday, 10 January 2014
Last month, the Australian Government announced the outcome of consultations over the backlog of 92 announced but unlegislated tax and superannuation measures. The Government has decided that GST measures which will be reflected in new legislation include changes to the "connected with Australia rules", designed to reduce the number of non-residents drawn into Australia's GST system. However, 55 measures will not proceed. These 55 measures include previously announced variations to several GST administration matters, such as rules concerning change in use adjustments, vouchers, multi-party transactions, pre-registration adjustments and cessation adjustments. To learn more, click here.