Limit of 4 Years to Claim Input Tax Credits
As of 12/05/09, businesses will not be able to claim input tax credits for purchases more than four years old!
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BAS
Recipient Created Tax Invoices Free Fact Sheet
Continuing with our series of free fact sheets, today we release our fact sheet about Recipient Created Tax Invoices. What are they? When do you use them? What needs to be included in them? Find out by downloading our free fact sheet. Also included,
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Input Taxed Supplies Free Fact Sheet
While most supplies or sales are taxable in the world of the Goods and Services Tax, there are some supplies and sales that are treated differently. These are called input taxed supplies. To find out more about this, download our free fact sheet below:
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What’s the Deal with Tax Invoices?
If you’ve been breathing, had one eye open, and living in Australia for the past 21 years, you’ll know that most sales and purchases you make are subject to the Goods and Services Tax (GST), currently 10% on top of most items and services. You will also be aware that a receipt or invoice you receive when purchasing goods and/or services is called a tax invoice. But do you really know everything you need to know about tax invoices?
Do you know what should be included on a tax invoice? Do you know that there is more than one type of tax invoice? Do you know when/why you need a tax invoice? No? Well, we have written a Tax Invoice fact sheet which will provide you with all of the information you need and you can download it here to keep. Happy reading!
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