Australia Tax Agency Announces Filing, Payment Deadline for December Quarterly Business Activity Statements

The Australian Taxation Office Jan. 29 announced the Feb. 28 filing and payment deadline for December quarterly business activity statements (BAS). The announcement includes that: 1) registered taxpayers can claim GST credits for GST included in the price of goods and services purchased for business; 2) the credit must be apportioned to only claim business use, if purchases were for both business and private use; 3) taxpayers may be able to use annual private apportionment to account for the private portion by making a single adjustment at year end after claiming full GST credits in the monthly or quarterly BAS; ...