Categories
GST Legislation

GST for non-residents made easy

It has been out for a while, but there is some draft law that proposes big changes to GST. The first part of the draft Tax Laws Amendment (GST treatment of Cross-Border Transactions) Bill is exactly as we expected… The government will impose GST on offshore intangible supplies to Australian consumers from 1 July 2017. […]

Categories
Funny Stuff GST Tax Policy

Queensland. Beautiful one day, tax insanity the next…

The Queensland government raises about $44 billion a year in taxes, fees… About 20% of this amount comes from the GST that is collected by the Federal Government and passed on to the states and territories. This makes the GST almost as large as all the other taxes combined that the Queensland government charges (all […]

Categories
Cases GST

Will the full federal Court ever learn…

Just under a year ago I wrote the following regarding the full Federal Court decision in MBI Properties… So the supply was defined form a literal rather than a practical perspective and led to a ridiculous outcome. But remember the Federal Court also found that there was no supply by Qantas when people did not […]

Categories
GST Rulings

Gloxina GST idea is now 110% dead…

Following the 2010 Gloxina case I have had a lot of people tell me they have a great way to avoid developers having to charge GST on the new residential premises they build. You have heard the same line… Well can I just say it is now 110% dead. You would think that the Government […]

Categories
GST Rulings

GST and motor vehicles and incentive payments and fleet discounts and runout models and…

One of the more interesting GST cases in recent times is AP Group Limited v. Federal Commissioner of Taxation (2013) 214 FCR 301; [2013] FCAFC 105; 2013 ATC 20-417. The case considered a series of payments made in the motor vehicle industry. Following this case the Commissioner has released his first GST ruling for 2014 […]

Categories
GST Legislation Rulings

“Excess GST”, “passed on”, “reimbursed”…

One of the best amendments to the GST Act ever was inserting a new Division, Division 142. This Division applies to tax periods starting on or after 31 May 2014. The object of Division 142 is to ensure that excess GST is not refunded if this would give an entity a windfall gain. In summary, […]

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Funny Stuff GST Income Tax Rulings

Am I cool if I say Bitcoin?

I live in a town of less than 400,000 people and I just saw a Bitcoin ATM. I don’t know who to use it but how cool am I for living near a Bitcoin ATM… The Commissioner also is cool as he has released his thoughts on the tax treatment of Bitcoin transaction. In summary, […]

Categories
GST Rulings

Luxury Cars and Hire Purchases

We now have a final ruling that is exactly like the draft – LCTD 2014/1 – so have a read about the draft

Categories
GST Income Tax Legislation Super Tax Policy

Clearing the Tax and Super Decks

Apart from the changes in the Mining Tax and Carbon Tax repeal bills (small business instant asset write off, carry back losses…), and the promise to remove the means testing of the private health insurance offset, the government only has a series of promises to do certain things the previous government announced. There are 37 […]

Categories
GST Legislation

Let us have a moment of silence for the GST advisors…

Since the introduction of the GST they (GST Advisors) have always been looking for a way to recover GST paid incorrectly. And the Holy Grail of this advice has always been how can we turn a supply of new residential premises into existing residential premises as this would increase the margin for the developer by […]