Published on 01 Mar 98
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
The ATO has "formalised" its long-standing arrangement with the motor vehicle industry for the calculation of sales tax. The new, formal agreement under STAA s 43 is significant for two main reasons: (i) it replaces the previous, informal understanding; and (ii) it contains new provisions, commencing 1 May 1998, in respect of what the agreement refers to as "upgrades and modifications".
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