/Tag: GST

GST Withholding Regime

By |2018-08-23T13:00:40+08:00August 23rd, 2018|Categories: Article|Tags: , , |

GST collection changes aimed at residential property developers By Lauren O'Neill, Manager - March 7, 2018 The Government announced in the 2017-18 Budget that from 1 July 2018 purchasers of new residential premises or land in new subdivisions will need to remit the GST on the purchase price directly to the Australian Taxation Office (ATO) as [...]

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Crowdfunding…don’t forget the Taxman!

By |2018-08-23T11:26:27+08:00March 26th, 2018|Categories: Article|Tags: , , , |

I’d like to kickstart the discussion on crowdfunding and the pozible application of Income Tax and Goods and Services Tax (GST). Parties seeking crowdfunding generally adopt a donation based, rewards based, equity based or debt based model and there are generally three parties in a crowdfunding arrangement: the initiator of the project or venture (the ‘promoter’); the organisation providing [...]

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