The Australian Taxation Office (ATO) on 10 August 2022 released a draft update on the goods and service tax (GST) treatment of financial supplies.
The draft update—GSTR 2002/2 Goods and service tax: GST treatment of financial supplies and related supplies and acquisitions—reflects changes in the GST law such as changes to the GST rules applicable to cross-border supplies and in relation to digital currency.
Source KPMG
Latest Posts in "Australia"
- Australia-UAE Free Trade Agreement Comes Into Effect
- Australia Establishes E-Invoicing as Default in Federal Procurement
- Australia Proposes GST Updates for Copyright and Digital Media to Modernize Tax Frameworks
- ATO Proposes New GST Rules for Copyright and Multimedia Transactions in Australia
- Australia Sets 2026 Deadline for Mandatory E-Invoicing with Government Agencies