GST on Digital Products

Current as of November 2015   In the 2015 Federal Budget handed down in May, new rules were announced (commencing from 1 July 2017), to impose GST on “inbound intangible consumer supplies” made to Australian consumers (popularly known as the “Netflix tax”). These new rules were aimed at collecting GST on an increasing number of online services such as music … Read More

How to save GST on the sale of a property using the margin scheme

Current as of August 2015   In certain circumstances, GST on a taxable supply of property can be calculated by using what is called the “margin scheme”. Under the margin scheme, the GST payable is calculated on the “margin” on the sale, rather than the total sale proceeds. The margin is the generally the excess of the sale price over … Read More