5 Major Developments in Australia

5 Major Developments in Australia

• GST administration annual performance report 2021–22
• ATO Guidance on GST Considerations for Buy-Now, Pay-Later Providers
• This Month in Indirect Tax: 50 Years of UK VAT; E-Invoicing in Saudi Arabia; and NFTs
• Australia Tax Agency Issues Guidance on GST Considerations for Buy-Now, Pay-Later Providers
• Draft Ruling update on treatment of ATM service fees, credit card surcharges and debit card surcharges

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Cryptocurrency and NFT 

• This Month in Indirect Tax: 50 Years of UK VAT; E-Invoicing in Saudi Arabia; and NFTs

Deduction (Input Tax Credit) 

• ATO Guidance on GST Considerations for Buy-Now, Pay-Later Providers

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

• Supply of gold bullion case remitted to AAT

Digital Services Tax 

• This Month in Indirect Tax: 50 Years of UK VAT; E-Invoicing in Saudi Arabia; and NFTs

E-Commerce / Electronic Services

• ATO update on GST for supply of digital products

E-Invoicing 

• This Month in Indirect Tax: 50 Years of UK VAT; E-Invoicing in Saudi Arabia; and NFTs

Exemption

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

• Draft Ruling update on treatment of ATM service fees, credit card surcharges and debit card surcharges

• Updated Ruling dealing with financial supplies

• Supply of gold bullion case remitted to AAT

Liability (Reverse Charge/Withholding) 

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

Rate

• This Month in Indirect Tax: 50 Years of UK VAT; E-Invoicing in Saudi Arabia; and NFTs

Reporting / Compliance 

• ATO Guidance on GST Considerations for Buy-Now, Pay-Later Providers