GST stands for goods and services tax and whether you pay it or not will depend on the turnover threshold. Learn everything about GST in this guide.
GST registration is mandatory for businesses whose taxable profits exceed $1 million. For companies whose taxable profits don’t exceed this threshold, registration is not mandatory; you’ll have to consider whether registering is in the best interests of your business. What is GST Exemption?
It’s called “value-added tax” because it’s charged whenever value is added to the product throughout the supply chain, from production to the point of sale. VAT is commonly found in Europe. Goods and services tax (GST): GST is a tax similar to VAT in that it is levied whenever...
However, the threshold calculation amount that was received before October 1 is also considered. TCS on the collection of payment from the customer against a sales consideration: The CBDT clarification states, "It may be noted that this TCS applies only in cases where the receipt of sale ...
If a sole trader in Australia earns above $75,000, they must register for GST. A sole trader is often the only person who works for the business they have created. However, a sole trader can still have employees. If they do so, sole traders must meet their obligations to pay workers...
In the EU, the threshold to register and collect VAT depends on the country in which your business is based. Businesses in the Netherlands need to register for and collect VAT once they’ve made €20,000 in annual revenue. Businesses in Ireland, on the other hand, have two different VAT...
You will need to factor in the 2% Medicare levy, training and study support loans, as well as the tax-free threshold. Additionally, some of your employees may pay less than or more than the 2% Medicare levy, so you need to be certain you have the correct information for all of your...
Oceanic islands play a central role in the study of evolution and island biogeography. The Galapagos Islands are one of the most studied oceanic archipelagos but research has almost exclusively focused on terrestrial organisms compared to marine species.
Holds speaker normally, upside-down, or even horizontally • Speaker can pivot up to 45 degrees • Allows access to ports, buttons, and touch controls • Cleanly routes your speaker's cables Important: This mount is intended for use only with Sonos One and Play:1. What's in the box...
Australia has introduced new requirements to cross-border supplies of digital products. Source:http://unsplash.com Belarus Belarus applies20% VAT to all digital goods and servicessold to consumers in the country. There’s no sales threshold, so every foreign business is expected to register for ...