STP will be mandatory from 1 July 2019 for employers with 19 or less employees as well. Employers with 20 or more employees should have started reporting to ATO through STP from 1 July 2018 if your software is ready. What is STP? Single Touch Payroll (STP) aligns your reporting obligations to your payroll processes. You […]
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Category: Australian tax updates
by: Jomon JK
Digital currency and GST
Digital currency and GST Sales and purchases of digital currency are not subject to GST from 1 July 2017. This means that you do not charge GST on your sales of digital currency and similarly, you are not entitled to GST credits for purchases of digital currency. You do not have any GST consequences in relation […]
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