- ATO has published a draft determination on the GST treatment of supplies of sunscreen
- Submissions on the draft determination are due by 13 September 2024
- The draft determination focuses on the complexities of product classification in the skin care market
- Sunscreens required to be included in the ARTG under the TGA with SPF of 15 or more are considered GST-free supplies
- Sunscreens must be for dermal application and marketed principally for use as sunscreen
- The SPF of the sunscreen must be 15 or more
- Products marketed as multi-use or multi-functional are not considered primarily for use as sunscreen
Source: taxathand.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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
