Q&A: Time to review your non-reviewable contracts to account for GST!
Source: Taxation In Australia Journal Article
Published Date: 1 Apr 2005
On 22 February 2005, the Tax Laws Amendment (Long-term Non-reviewable Contract) Act 2005 became law. The Act provides a mechanism for suppliers with long-term, non-reviewable contracts that have not had a review opportunity by 1 July 2005, to negotiate with the recipient of their supplies to take into account the impact of GST.
Sorry, this is subscriber only content.
To gain access to this material and much more - Subscribe Now.
(Note: Members can access Taxation in Australia journal articles without a Tax Knowledge Exchange subscription - please log in to access).
Already a Subscriber? Login now
Details
- Published By: Leanne Hughson
- Published On:1 Apr 2005
The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
The Tax Institute
(ABN 45 008 392 372 (PRV14016))
("TTI")
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
Copyright Statement
All materials provided on this site are protected by copyright and are owned by or licensed to TTI.
Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.
Tags
Share this page