- Top 1000 program will be recalibrated for 2025 financial year
- Differentiation within Top 1000 group for taxpayers with turnovers over $1B
- Draft guidance on Division 93 of GST Act published by Commissioner
- Taxpayers advised not to wait until year 4 to claim input tax credits
- GST risk focus areas include financial services, insurance, food and health product classification, property, construction, retirement villages, correct reporting, and international GST
- Information on supplementary annual GST return provided
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.
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