VATupdate

Australia: New GST rules from July 2022

The Australian Treasury is proposing to impose reporting obligation on platforms in the sharing and gig economy. If implemented, the operators of electronic marketplaces and platforms will be required to report to the Australian Taxation Office (ATO).

The regime would apply from 1 July 2022 to transactions relating to:

  • supplies of a taxi travel (as defined in the GST legislation, which includes ridesharing)
  • supplies of short-term accommodation

Source: globalvatcompliance.com

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