30 Jul 09 Review of the application of GST to cross-border transactions
In a press release issued on 29 July 2009, the Chairman of the Board of Taxation, Mr Dick Warburton, announced the release of a discussion paper on the Board’s review of the application of GST to cross-border transactions.
The Government has asked the Board to consult widely with relevant stakeholders and report to the Government on improvements to the design of the GST system necessary to ensure that cross-border transactions are treated in an efficient and effective manner. A particular focus will be those design features underpinning the involvement of non-residents in the Australian GST system with a view to simplifying the design.
The Board has developed the discussion paper to facilitate stakeholder consultation. In developing the paper the Board consulted with its expert panel which consisted of GST taxation advisors chosen for their expertise to assist with the review. The Board welcomes submissions on issues raised in the discussion paper. The closing date for submissions is 4 September 2009.
For a copy of the Board's press release, No 27, 29 July 2009, go here
For a copy of the discussion paper, go here