- The Australian Taxation Office opened consultation on Draft GST Determination No. GSTD 2024/1DC covering supplies of combination food.
- A food product is taxable combination food if it contains a separately identifiable taxable food.
- A combination food may be visually identifiable and sufficiently joined with other components at the time of sale; classification is determined at the point of supply.
- Cereal products containing 15% or less combination foods by weight, excluding packaging, are treated as low risk.
- Cereal products with more than 15% combination foods are subject to different treatment under the draft guidance.
Source: news.bloombergtax.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.
