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RESULTS IN YOUR BUSINESS, FINANCIAL & TAXATION AFFAIRS
Fifteen years after the introduction of the GST in Australia debate still rages over what should be taxed and whether the GST rate should increase.
Unless the Government changes the GST Act, any change requires the approval of the States and Territories. The Treasurers’ workshop late last month resolved to keep the GST rate at 10% but enable a series of other changes. We look at the key areas of change:
GST on online products
From 1 July 2017, the GST will be broadened to apply to all goods purc...