Proposed changes to GST on property transactions

Measures to strengthen compliance with the GST law in the property development sector have been introduced into parliament this week. The Treasury Laws Amendment (2018 Measures No 1) Bill 2018 will amend several tax laws to require purchasers of new residential premises and new subdivisions of potential residential land to make a GST payment directly…

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Building industry: ATO data matching project

The ATO has released a notice about its Nation Building Economic Stimulus Plan payments data matching project (PDF). Under the project, the ATO will request and collect the names and addresses of entities within the building, construction and ceiling insulation industries from various government departments and building companies. The details collected will be electronically matched…

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