COMMISSIONER OF TAXATION
The Commissioner of Taxation, Chris Jordan, gives notice of the following Rulings, copies of which can be obtained from http://ato.gov.au/law.
NOTICE OF RULINGS | ||
Ruling Number | Subject | Brief Description |
CR 2018/12 | Income tax: Westpac Banking Corporation – Westpac Capital Notes 5 | The Ruling sets out the Commissioner’s position on subscribers of Westpac Capital Notes 5 issued by Westpac Banking Corporation. The Ruling applies from the income year ended 30 June 2018 to 30 June 2029 and continues to apply after 30 June 2029 to all entities within the specified class who entered into the specified scheme during the term of the Ruling. |
LCR 2018/1 | GST on low value imported goods | The Ruling sets out the Commissioner’s position on GST on low value imported goods. The Ruling applies from 1 July 2018. |
LCR 2018/2 | GST on supplies made through electronic distribution platforms | The Ruling sets out the Commissioner’s position on GST on supplies made through electronic distribution platforms. The Ruling applies for supplies of digital services and digital products, in working out net amounts for tax periods starting on or after 1 July 2017, and for offshore supplies of low value goods, in working out net amounts for tax periods starting on or after 1 July 2018 and to taxable importations relating to supplies made on or after 1 July 2018. |
LCR 2018/3 | When is a redeliverer responsible for GST on a supply of low value imported goods? | The Ruling discusses the amendments that make a ‘redeliverer’ responsible for GST on an offshore supply of low value goods brought to the indirect tax zone. The Ruling applies from 1 July 2018. |