Since 1 July 2018, purchasers of taxable new residential premises in Australia, or land that could be used to build new residential property (potential residential land), generally have been required to retain part of the purchase price for their transaction and pay it to the Australian Taxation Office (ATO) at settlement (goods and services tax (GST) withholding).
Source: Deloitte
Latest Posts in "Australia"
- ATO Releases Updated Guide for GST Analytical Tool for Top 1000 Taxpayers
- ATO Finalizes GST Rules for Prepared Meals, Offers Transitional Compliance for Certain Products
- Updated GST Rulings on International Supplies: ATO Issues GSTR 2025/1 and GSTR 2025/2
- ATO Withdraws Practice Statement on GST Treatment of Government Agency Fees and Charges
- ATO Finalizes Waiver of Tax Invoice Requirement for Direct Entry Services in 2025
