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"
- ATO Releases 2025-26 GST Strategy: Key Focus Areas for Financial Services and Insurance Sectors
- Productivity Commission Seeks Feedback on Effectiveness of 2018 GST Reform and Revenue Distribution
- ATO Clarifies GST-Free Status for Sunscreen Products Based on SPF, ARTG, and Marketing Use
- Australia Opens Consultation on 2018 GST Reform Review
- Australia’s Phased E-Invoicing via Peppol: B2G Mandate, B2B Voluntary, ATO Oversight
