Is the sale of vacant land owed by a local authority since before 1 July 2000 a taxable supply? If so, can the local authority use the margin scheme or will the conventional calculation of GST apply?
In the November 2016 Tax Update we discussed the ATO’s newly released PCG 2016/18 which provides GST concessional treatment for certain B2B transactions where non-monetary consideration is provided. Labelled ‘countertrade’ transactions, the concessions may prove helpful in a variety of situations, including for example, land transactions where only non-monetary consideration is provided such as agreed […]
This article discusses a recent case in which the Queensland District Court was required to interpret a reference to ‘GST’ in a contractual provision providing for reimbursement of GST. The article identifies some implications for consideration.
A recent NSW case is a reminder for Local Councils to ensure payroll exemption is being appropriately claimed.
It is the generally understood position that employment agents are liable for payroll tax on workers procured for clients of the employment agency. A recent case shines a light on the employment agency rules and provides a favourable outcome for certain types of transactions.
In recent Tax Updates we have covered many Court and Tribunal decisions considering whether an organization is a ‘charity’ for payroll tax purposes. Recently the Victorian Farmers Federation failed in its attempts to be recognised as a charity. In this article we explore the decision.
The ACNC has recently finalized its view of the circumstances in which an organisation is a public benevolent institution (PBI). This article looks at the ACNC’s conclusions.