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Dec 16

Watch out for tax scams

Watch out for tax scams

Large numbers of scammers have been trying to trick people with fake tax debt scams recently.

These scammers will tell you that you have a tax debt and if you don’t pay it straight away, you’ll be arrested.

If you receive a phone call or message like this, don’t respond.

The ATO will never:

  • threaten you with immediate arrest, jail or deportation
  • request payment of a debt via iTunes, Google Play gift cards or other vouchers
  • insist you stay on the phone until you pay
  • prevent you from discussing your tax affairs with your agent or adviser.

If you’re ever unsure if a contact is really from the ATO, hang up and call the ATO on 1800 008 540 to check.

Posts by Coralie Downie
Feb 16

Do you export goods or services?

Exported goods are GST-free if you export them from Australia within 60 days of:

  • receiving any payment for the goods
  • issuing an invoice for the goods before receiving any payment.

For service exports, there are specific rules that determine if their sale is GST-free. Generally they are GST-free if the recipient is outside Australia.

Make sure you keep a close eye on your status as an exporter. A change to your International Commercial (Inco) delivery terms could lead to you no longer being considered an exporter, meaning GST will become payable on your supply.

If you discover a mistake in your reported GST amounts for your international cross border transactions, we encourage you to make a voluntary disclosure.

See more information on the ATO website:

https://www.ato.gov.au/business/international-tax-for-business/australians-doing-business-overseas/exports-and-gst/

https://www.ato.gov.au/business/gst/in-detail/rules-for-specific-transactions/international-transactions/common-gst-errors—importing-or-exporting/

Posts by Coralie Downie
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