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GST on Imported Services and Digital Products for Australian Businesses
From 1 July 2017, GST applies to imported services and digital products. Examples of imported services and digital products include: Online supplies of software, digital trade journal/magazine subscriptions; and Services such...
GST Withholding on Residential Property
The Government has today introduced legislation that delivers on its 2017-18 Budget commitment to strengthen compliance with GST law in the property development sector. Under the new arrangements, purchasers will withhold the GST on the...
Uber driver – All you need to know about tax
Q: Do I need to have an ABN? A: Yes. Q: Do I need to register GST? A: Yes. I often have Uber clients asking that “I earn less than $75,000 a year, do I still need to register for GST?” The answer is YES. The ATO regards ride-sourcing services as a taxi service. For...
What expenses can you claim of your investment property
Deduction of expenses for your residential rental property Travel expenses From 1 July 2017, investors cannot claim deductions for travel expenses relating to inspecting, maintaining, or collecting rent for your residential rental property. These changes are...