• Service: Tax, Global Indirect Tax, International Executive Services, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 10/28/2013

Australia - Changes to fuel tax, carbon pricing; other developments 

October 28: The KPMG member firm in Australia prepared reports on the following developments (read the October 2013 reports by clicking on the hyperlinks provided below):
  • Proposed changes to fuel tax credits and carbon pricing - The new coalition government’s draft legislation would repeal a carbon pricing mechanism; return fuel tax credit rates to original rates; repeal a carbon charge on imports of aviation fuel and on aviation fuel manufactured in Australia; repeal an aviation fuel opt-in regime, permitting entities to offset the additional carbon charge applicable to aviation fuel, by a fuel tax credit; and provide that an equivalent carbon charge would no longer be applied to the importation or manufacture of synthetic greenhouse gases from 1 July 2014.

    Read an October 2013 report

  • ATO focus on contractor arrangements - A position of the Australian Taxation Office (ATO) is that contractor arrangements (independent contractor workers vs. employees) are being misused by employers for the purpose of avoiding tax and superannuation obligations.

    Read an October 2013 report

  • Input tax claim estimates - The ATO concluded a review on the use of “tools designed to allow a taxpayer to estimate the amount of input goods and services tax (GST)” incurred but not yet processed in their system. The GST Act states that a taxpayer must hold a tax invoice to claim a credit, and the position of the ATO is that the invoice must be physically held at the time the return is submitted.

    Read an October 2013 report

  • GST clause void for uncertainty - The Victorian Supreme Court held that a vendor was not entitled to recover the goods and services tax (GST) because the GST clause in the subject contract was void due to uncertainty. The GST clause in the contract was determined to be “uncertain” because the contract’s drafter confused the concepts of “consideration” and “value of taxable supply” as defined in the GST Act. Cityrose Trading Pty Ltd v Booth & Anor [2013] VSC 504

    Read an October 2013 report

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