The ATO is moving non-compliant small businesses from quarterly to monthly GST reporting from April 2025, while mandating Peppol e-invoice acceptance for businesses already exchanging e-invoices by July 2025.
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Australian Financial Review · about 1 month ago
The article argues that Australia should increase its GST rate and broaden the tax base to reduce reliance on income tax, following the OECD’s latest health check recommendation.
VatCalc · about 2 months ago
The OECD has renewed its call for Australia to broaden and potentially raise the GST to improve fiscal sustainability. It recommends expanding the tax base and considering a rate increase above the current 10%, possibly up to 15% if paired with income‑tax cuts, and estimates a 1.6% boost to output over ten years. The recommendation comes ahead of the May federal budget and follows a mid‑year budget update that confirmed persistent deficits.
The Guardian · about 2 months ago
The OECD’s economic survey of Australia urges the Albanese government to broaden the GST and consider raising the rate above 10%, using the proceeds to reduce reliance on personal income tax. It also recommends replacing stamp duties with a land tax and boosting social housing funding. The report estimates the reform would add 1.6% to Australia’s GDP over a decade.
Stripe · 2 months ago
This guide explains Australia's e-invoicing landscape, including the Peppol network, current compliance requirements, and projected market growth. It highlights that while private businesses are not yet mandated to use e-invoicing, government entities must, with deadlines set for 2026, and outlines funding and efficiency gains. The article also details the standard format and benefits such as faster payments and reduced errors.
BW Auto World · about 14 hours ago
The Supreme Court of India has admitted a petition by the Federation of Automobile Dealers Associations (FADA) concerning more than Rs 2,500 crore in blocked compensation cess credits that became unusable after the implementation of GST 2.0. The court has scheduled the next hearing for March 25 2026 and is considering a transitional mechanism to allow these credits to be offset against other GST liabilities. The case could set a precedent for handling legacy tax credits during indirect tax reforms.
BSS · 2 days ago
The National Board of Revenue (NBR) has extended the filing deadline for February 2026 Value Added Tax (VAT) returns to 29 March 2026. The extension was issued to address technical congestion and reduced processing speed in the E‑VAT system following public holidays. Taxpayers are now given additional time to submit their returns electronically.