Our latest insights

The ATO’s GST Analytical Tool and data testing has been designed to achieve high assurance in GST governance.

The ATO's potential GST changes for renewable energy projects may pose financial challenges.

GST and property: AAT's key ruling in Lance vs Taxation [2024] AATA 11.

If you are a superannuation fund or an investor-directed portfolio service (IDPS), there is an updated compliance approach issued by the ATO in respect of claiming reduced input tax credits (RITCs) for GST paid on adviser services fees.

The Federal Court has recently ruled in Simplot Australia Pty Ltd v Commissioner of Taxation [2023] FCA 1115 that certain frozen food products are not GST-free on the basis they are prepared meals, which is a decision that may have huge ramifications for the industry.

GST Error Rules Changing: BAS Correction Updates

The AAT ruling in Chobani Pty Ltd and FCT [2023] AATA 1664 highlights the increasing complexity of the classification of food for GST purposes.

Learn about Division 129 of the GST Act and how it applies to property developers who have changed their property's intended use. Ensure you make any required GST adjustments to avoid penalties.

As an operator of a retirement village, you may be missing out on significant GST refunds.

If you are an Australian professional services firm with clients who are residents in Singapore and are not registered for GST in Singapore, you must be aware of a potential requirement to register and pay GST in Singapore under its new Overseas Vendor Registration (OVR) regime.

ATO's draft GST Determination for Margin Scheme Valuations may soon require property developers to obtain new or ‘confirmed’ valuation reports to support the application of the margin scheme for sales of real property that occur outside of the three-month transitional period. Read more about the impact on businesses and the property market.

The ATO has released a draft Margin Scheme Valuation Requirements Determination for comment. While it’s substantially similar to the current determination, its differences may cause issues for property developers.