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 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
