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Australia Tax Agency Issues Guidance on GST Considerations for Buy-Now, Pay-Later Providers

Topics covered include: 1) the GST classification of supplies; 2) apportionment methodologies and the calculation of input tax credits; 3) requirements for reverse charge GST; 4) consequences of significant and unusual transactions; 5) implications for merchants; and 6) the criteria for determining entitlement to input tax credits.

Source: bloombergtax.com

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