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Digital currency and GST: no more double taxation
20/7/2017
In good news for digital currency in Australia, the Commonwealth Government has announced its intention to treat digital currency in the same way as money for GST purposes from 1 July 2017.
Devil in the detail - Australia’s GST Laws Overhauled - GST to apply to the offshore supply of digital products and services to Australian consumers from 1 July 2017 - What does this mean for the offshore online gambling industry?
26/6/2017
From 1 July 2017, Australia’s goods and services tax (GST) laws will be significantly overhauled.
The Devil is in the detail - GST threshold for low value goods to be removed with effect from 1 July 2018 - What does this mean for the direct selling industry?
20/6/2017
From 1 July 2017, Australia’s goods and services tax (GST) laws will be significantly overhauled.
Direct Selling Legal Update - June 2017
16/6/2017
Welcome to the latest issue of the Addisons Direct Selling Legal Update.
Direct Selling Legal Update - July 2016
4/7/2016
Welcome to the latest edition of the Addisons Direct Selling Legal Update.
Tax Breaks Proposed to Encourage Startup Investment
7/4/2016
As part of its focus on innovation and Australia’s entrepreneurial culture, the Turnbull government has proposed significant tax incentives to encourage seed investment in high growth Aussie startups.
The "Netflix Tax" – Australian Government moves forward with proposals to extend GST to digital goods and services. What does this mean for the offshore online gambling sector?
23/12/2015
In May 2015, the Australian Federal Government announced in its federal budget its proposal to introduce legislation that will change the way Australia’s goods and services tax (GST) is applied to online purchases and transactions.
Direct Selling Legal Update - December 2015
1/12/2015
Welcome to the latest edition of the Addisons Direct Selling Legal Update. 2015 has seen many developments which will impact Australia’s direct selling sector. We consider some of those issues in this Legal Update.
They’re charging how much for a digital game or song? – Australian Government proposes to extend application of GST to overseas online digital media
11/5/2015
International companies that sell games, apps, music, movies, and books or provide streaming services and other forms of digital media to Australian consumers may soon be subject to the Australian goods and services tax (GST) as a result of the Australian Government’s proposals to introduce legislation that will change the way GST is applied to online purchases.
Direct Selling Legal Update - April 2015
15/4/2015
Welcome to the latest edition of the Addisons Direct Selling Legal Update.
In this edition, we take a look at some developments which may impact on those in the direct selling sector.
Direct Selling Legal Update - December 2014
3/12/2014
Welcome to the latest edition of the Addisons Direct Selling Legal Update.
In this update, we consider a number of recent developments of interest to those in the direct selling sector.
New ASIC relief for Employee Incentive Schemes
19/11/2014
The Australian Securities & Investments Commission (ASIC) Class Order [CO 03/184] (CO 03/184) which previously granted exemptions for employee incentive schemes from certain disclosure, licensing and other requirements under the Corporations Act 2001 (Cth) (Act), has now been discontinued and replaced.
The Australian Taxation System: What Do Wagering Operators Need To Know?
22/8/2014
For wagering operators conducting or wishing to conduct business in Australia, it is important to understand the Australian tax system and the tax obligations which apply.
Direct Selling Legal Update - March 2014
24/3/2014
2014 has got off to a busy start with many local changes of relevance to the direct selling sector.
In this update, we consider the following matters and developments.
Australia – Transfer Pricing Reforms International Transaction Documentation - Time for a refresh?
21/3/2014
In July 2013, new Australian transfer pricing rules came into effect. One of the features of the rules was that cross-border transactions are to be undertaken on an arms-length basis. The Australian Taxation Office (ATO) may disregard actual transactions and ‘reconstruct” them on a hypothetical arm’s length basis. The rules not only apply to entities within the same group, but can apply to transactions between unrelated parties if they have not dealt with each other on an arm’s length basis.
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