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Category Archives: VAT
Sprucing up GST
The warning from the Treasury is loud and clear: GS T needs a hard scrub. It is inefficient and tax leakage is mounting . Something needs to done and soon. Unfortunately, GST is not on the tax reform agenda but is very much in the news. A study by KPMG Econtech for CPA Australia found that a lift of the rate from 10 to 15 percent would increase the consumer living standards by $ 4.7 billion a year. A smaller … Continue reading
Tax & Shopping – How to get the most out of your penny!
Shopping can be a bad habit if it is excessive, all consuming, and unplanned. However, well thought out shopping can result in “smart shopping”, making shopping some what less criminal.This is where tax comes in – knowing the consumption tax rates in different jurisdictions and taking advantage of opportunities to claim back the tax that you pay on purchases can save you money! The Australians call it goods & services tax (GST), the Europeans call it value added tax (VAT), … Continue reading
