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29 Jan 15 GST: brokerage services in relation to overseas securities or futures exchanges - GSTD 2015/1

On 28 January 2015, the ATO issued GST Determination GSTD 2015/1 entitled "Goods and services tax: is the supply of brokerage services that facilitates the sale or purchase of financial products on overseas securities or futures exchanges, a GST-free supply under paragraph (a) of item 4 in the table in subsection 38-190(1) of the A New Tax System (Goods and Services Tax) Act 1999?"

It was previously released in draft form as GSTD 2014/D4.

The answer to the question posed is given as follows:

"Yes. The supply of brokerage services that facilitates the sale or purchase of financial products on overseas securities or futures exchanges is a GST-free supply under paragraph (a) of item 4 in the table in subsection 38-190(1) of the A New Tax System (Goods and Services Tax) Act 1999 (GST Act) (Item 4)."

 


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