Indirect tax ebook - Australia

GST rates - 2009

Standard rate of 10% - applies on the supply of most goods and services and other things (for example, supplies of rights or the sale of certain property).
GST-free supplies are not subject to GST - they include the following broad categories: food, health, education exports, charities, going concerns, farmland, land grants, religious services, water, sewerage and drainage, precious metals, cars for disabled persons and duty free sales.
Input taxed supplies are supplies on which the supplier does not charge GST – they include financial supplies, renting or selling certain residential premises, precious metals and some other supplies by school tuck shops/canteens and fundraising events by charities.

Information about Australia

This information has been provided by Grant Thornton Australia, a member firm within Grant Thornton International Ltd and is for informational purposes only. Neither Grant Thornton Australia nor Grant Thornton International Ltd can guarantee the accuracy, timeliness or completeness of the data contained herein. As such, you should not act on the information without first seeking professional tax advice.
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For further information on indirect taxes in Australia please contact Krish Patel or Chris Vittas

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