Consequential amendments

The general GST rules for registration, tax periods and GST returns, as well as the various turnover thresholds, will need to be modified to accommodate the new rules for intangible offshore supplies. The general rule is that non-residents are only required to be registered if they make supplies connected with the indirect tax zone, and the value of those supplies meets or exceeds the registration turnover threshold. This generally involves a measurable presence in Australia; however, suppliers of intangibles are likely to have a more remote link with Australia than other entities that are required to be registered for GST.

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