The A New Tax System (Goods and Services Tax): Recipient Created Tax Invoice Determination 2023 (2023 RCTI determination) replaces all of the 50 narrowly targeted RCTI determinations that were in effect prior to 15 June 2023, enabling “government related entities,” “large business entities,” and “business entities” to issue RCTIs in respect of any taxable supply if all prescribed requirements are satisfied.
Source: taxathand.com
Latest Posts in "Australia"
- 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
- Addendum to GST Determination on Interconnection Services Supplies by Australian Telecom Providers
- ATO Issues Alert on False Invoicing and Fraudulent GST Credit Claims
- ATO Releases Updated Guide for GST Analytical Tool for Top 1000 Taxpayers
