GST – Fundraising events: Tax & GST treatment

We receive many queries about the income tax and GST implications of fundraising events, both from those hosting and those attending the events. We’ve prepared an example to help illustrate the tax consequences for organisations planning on hosting these events. It is important to also keep in mind the income tax consequences of any attendees, … Read more

GST Q&A – GST on overseas transactions

Question We have two questions in relation to GST charged on transactions with overseas suppliers: Our council has recently received an invoice from an overseas supplier which does not have an ABN, however, does have a VAT ID. GST has been charged on this invoice. Can the supplier charge GST with no ABN and can … Read more