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.
It suggests broadening the GST base and considering raising the rate above the current 10%, potentially up to around 15% if paired with income‑tax cuts.
It was published ahead of Treasurer Jim Chalmers’ fifth federal budget in May 2026.
It confirmed that deficits are forecast to persist across much of the next decade.
It estimates that doing so could raise Australia’s economic output by about 1.6% over a ten‑year horizon.
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The Guardian · 12 days 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 · 20 days 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.
EEA Advisory · about 1 month ago
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.
Mobile World Live · about 19 hours ago
China’s Ministry of Finance and State Taxation Administration has reclassified certain telecom services, raising the VAT rate from 6% to 9% on mobile data, SMS, MMS, and broadband access. The change takes effect from the beginning of 2026, prompting operators to consider price adjustments or bundle redesigns to mitigate revenue impacts.
MarketScreener · 1 day ago
China Telecom and China Unicom will be subject to a 9% VAT rate on core telecom services, as announced on 1 February 2026. This marks a change in the VAT treatment for these services. The announcement highlights the new rate for the companies' core telecom operations.
A2Z Taxcorp · 3 days ago
Experts at a CESS seminar in Hyderabad called for a balanced approach to India’s GST 2.0 rollout, emphasizing the need to simplify compliance while protecting revenue. They highlighted a proposed two‑slab rate structure of 5% and 18%, reforms to address inverted duty structures in textiles and fertilizers, and concerns over misuse of the three‑day registration approval window. The Trust‑First philosophy notes that 95% of taxpayers operate without intrusive scrutiny.
