Archives for February 2016

Goods and Services Tax (GST)

Goods and services tax (GST) is a broad-based tax of 10% on most goods, services and other items sold or consumed in Australia. How does the Goods and Services Tax work Generally, businesses and other organisations registered for GST will: include GST in the price they charge for their goods and services claim credits for the [Read more…]

Zone Tax Offset – exclude ‘fly-in-fly-out’

Zoning Tax Offset Changes In the 2015–16 Federal Budget, the government announced that it will exclude ‘fly-in-fly-out’ and ‘drive-in-drive-out’ (FIFO) workers from the Zone Tax Offset where their normal residence is not within a ‘zone’. Currently, to be eligible for the Zone Tax Offset, a taxpayer must reside or work in a specified remote area [Read more…]