Australia Tax Agency Issues Ruling on GST Exemption for Specified Supplies to Nonresident Entities

The Australian Taxation Office July 23 issued GST Ruling No. GSTR 2025/1, on the GST exemption for supplies other than goods or real property to nonresident entities. The ruling provides that: 1) specified supplies are exempt from GST if made under an agreement entered into directly or indirectly with a nonresident entity; 2) the exemption doesn’t apply to supplies involving options or acquisition rights for property located in Australia, or subject to input tax in Australia; and 3) income from such supplies is only partially exempt from GST where the supply was split between a nonresident entity and a resident ...