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GST Q&A – GST on payments in lieu of infrastructure works

Does GST apply to payments that a developer makes to a Council in lieu of the developer being required to complete infrastructure works? Question The Council has entered into an arrangement whereby a developer will pay to Council an agreed amount in lieu of being required to complete infrastructure works. Under the arrangement, Council will …

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GST – GSTR 2006/6: What constitutes an ‘improvement’ of land?

The ATO has broadened its formal view of the concept of ‘improvement’ for the purposes of GST-free supplies of land and supplies taxed under the margin scheme. The change is set out in amendments to GSTR 2006/6. The statutory context Under s. 38-445 of the GST Act, in certain circumstances the following supplies are GST-free: …

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Categories GST

GST Q&A – TPAR reporting: Do I need to report sponsorship payments?

Question As a local government entity, do we need to report sponsorship payments in the taxable payments annual report (‘TPAR’)? In particular, would sponsorship fees for a food festival event be reportable? Answer Government entities, whether federal, state, territory or local, are required to report the total payments they make to an entity for providing …

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Categories GST

GST – Significant proposed changes to GST recovery: Recovering estimates and directors’ personal liability

Our featured article for the month covers two proposed legislative changes to the recovery of GST – these are significant changes and are expected to be enacted very soon. These changes will hopefully not apply to your organisation, but we firmly believe it is crucial to be vigilant of potential risks caused by late BAS …

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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, …

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GST – Queensland waste disposal levy: Is it subject to GST?

The Queensland Government introduced a waste levy from 1 July 2019 to reduce the amount of waste generated and disposed. The levy zone covers approximately 90% of Queensland’s population, including many of our TaxEd members. Landfill operators, such as local councils, are responsible for paying the levy to the Queensland Government. The Queensland Government has …

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Categories GST