In a nutshell, the ATO are focusing on 6 key GST risk areas. We will unpack each GST compliance risk area one by one.
GST Compliance Focus Area 2: International GST
Risk No. 2 of the ATO’s GST compliance focus centres on international and cross-border supplies, mainly:
⦾ Ensuring digital products and services and low value imported goods are being taxed correctly.
⦾ Entities report GST correctly on cross-border supplies, specifically confirming private domestic consumption.
If your company engages in cross-border supplies, is GST being missed? Contact BTG International to discuss.
