The term “indirect tax” is used to describe taxes that are imposed on goods, land, or services (or transactions involving goods, land, or services). In contrast, “direct taxes” are imposed on income or profits. The most...more
From 1 April 2020, company directors will be personally liable for any unpaid GST, luxury car tax (LCT) and wine equalisation tax (WET), in addition to the pay as you go withholding (PAYGW) and superannuation guarantee...more
In the five years to November 2017, AUD1.8 billion of GST revenue was written-off due to phoenixing – where companies are stripped of assets and liquidated, then restarted under a different name leaving creditors out of...more
On 25 August 2017, the Government released exposure draft legislation for both the Asia Region Funds Passport (Passport) and the proposed Corporate Collective Investment Vehicle (CCIV) – reported at 2017 WTB 36 [1262]. These...more
The Government announced in its 2017-18 Budget that, from 1 July 2018, purchasers of new residential premises (new homes / apartments) and subdivided residential lots will need to pay any applicable GST on the sale directly...more
Originally published in Australian Financial Review - March 28th, 2017.
If the solution to housing affordability is increased supply, the GST rules for develop-to-rent (D2R) projects is a part of the problem.
"New...more