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11 May 2016

Australian GST changes to cross-border supplies now enacted

The Australian goods and services tax (GST) landscape for cross-border transactions is due for a significant change with the enacting of Tax and Superannuation Laws Amendment (2016 Measures No 1) Bill 2016 (the Act), which received Royal Assent on May 5. The Act removes certain business-to-business (B2B) supplies made by nonresident businesses from the Australian GST system, many of which were caught under the previous law (which treats such supplies as occurring within Australia). The measures are designed to prevent nonresident businesses being unnecessarily drawn into the Australian GST system through B2B transactions.

A Tax Alert prepared by Ernst & Young Australia, and attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2016-0843

Document ID: 2016-0843

 

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