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  2009

GST Update - Changes to the Margin Scheme and Other Significant Developments

Source: Victoria

Published Date: 18 Jun 2009

 
This Breakfast Club session provided an update on a number of significant recent GST issues and developments impacting business taxpayers.

Recent changes to the GST margin scheme have important implications for property developers in relation to their GST liability and accordingly, their profit margin on current and future projects. The government also confirmed in the 2009 Federal Budget that it will adopt the recommendations from the Board of Taxation's GST review. Subsequently, Treasury has released four discussion papers for comment in relation to reviews of the margin scheme, the application of GST to financial supplies and cross-border transport supplies, and on administration issues.

GST update - Changes to the margin scheme and other significant developments

Author(s): Craig Whatman
Materials from this session:

Details

  • Published On:18 Jun 2009
  • Took place at:Leonda by the Yarra, Hawthorn

The material is copyright. Apart any fair dealing for the purpose of private study,

research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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