Australia Seeks Input on Consumption-Tax Classification Guide

Australian authorities are seeking input on a new self-review guide and checklist for classification of products under the goods and services tax.

The consultation is intended to ensure that the guide and checklist meet the needs of taxpayers, the Australian Taxation Office said on its website.

Australia’s GST is a 10% tax on most goods, services and other items sold or consumed in Australia.

• The guide and checklist would walk taxpayers through the process of reviewing the GST classification of their supplies and assessing their processes and controls that affect GST classification decisions.
• The ATO is consulting on ...