On 22 June 2023 and 7 July 2023, Stewart J issued his judgments in the Australian case of Hannover Life Re of Australasia Ltd v Commissioner of Taxation addressing foundational issues of goods and services tax (GST) recovery and apportionment. The principles considered are particularly relevant to taxpayers in the financial services and property sectors, and taxpayers more generally that make both input taxed and noninput taxed supplies.
Source: taxathand.com
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