‘Increase the rate, broaden the base’: Looking at GST 20 years on

Looking at GST 20 years on: ‘Increase the rate, broaden the base’

Consumption tax should be raised to 20 per cent or broadened to cover a wider base, says tax experts as debate over the GST rages on. At a tax reform conference hosted by the Blueprint Institute in Sydney on Monday, a panel of tax experts each had varying suggestions to government on the ways the…
AustralianTaxation Office BAS Form

New JobKeeper 2.0 Rule Removes ‘Smorgasbord’ of Attribution Options

The new rules regarding the basis of accounting that an entity is required to use in calculating actual GST turnover for JobKeeper 2.0 could now throw up fresh issues for businesses. The Tax Commissioner’s determination issued on Wednesday has now set out that supplies must be allocated to a period on a GST reporting basis,…