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18 Dec 14 GST treatment of ATM service fees, credit card and debit card surcharges - GSTR 2014/2

On 17 December 2014, the ATO issued GST Ruling GSTR 2014/2 entitled "Goods and services tax: treatment of ATM service fees, credit card surcharges and debit card surcharges".

It was previously released in draft form as GSTR 2014/D2.

This Ruling explains the goods and services tax (GST) treatment of:

  • a fee payable for ATM services listed in subregulation 40-5.09(4A) of the A New Tax System (Goods and Services Tax) Regulations 1999 (GST Regulations)
  • a surcharge imposed by a merchant on a customer in respect of a credit card transaction concerning supplies of goods or services by the merchant to the customer
  • a surcharge imposed on a customer in respect of a credit card transaction concerning the payment of an Australian tax or an Australian fee or charge subject to Division 81, and
  • a surcharge imposed by a merchant in respect of a debit card transaction concerning a supply of goods or services, a cash withdrawal or both a supply of goods or services and a cash withdrawal.

As a result of the issue of GSTR 2014/2, GSTII FS4 (Financial Services Questions and Answers Credit card surcharge - part of consideration for supply) has been withdrawn with effect from 17 December 2014. For the notice of withdrawal, go here

Further, ATO ID 2008/116 (GST and credit card surcharge for payment of an Australian tax, fee or charge) has been withdrawn.

 


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