Thursday, 19 April 2018

Find out if your overseas business clients are subject to the transitional rule for GST when supplying digital products and services to Australian consumers

If you have overseas business that supply digital products and services to Australian consumers, let them know they may be subject to the transitional rule for GST.
Products and services include movies, music, apps, games, ebooks, architectural or legal services and more.
The transitional rule applies to your clients who:
meet the registration turnover threshold of A$75,000
supply digital products and services before 1 July 2017 and continue after this date. The portion after 1 July 2017 is subject to GST.
For example, if your client supplied a 12 month subscription in September 2016, they must pay GST on the portion of the sale for July and August 2017.
A simplified system will be available on our website from 1 April 2017 for you or your clients to electronically register, lodge and pay GST.
About Authors :
Swan Partners is a progressive service provider dedicated in providing high quality tax consultancy, accountant in victoria parkbookkeeping service in perthTax Accountant in Perth and accounting services to individuals, sole-traders, partnerships, trusts, and companies.
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