GST on late payment fees will hit businesses
New tax legislation has an unexpected sting, extending GST to late payment fees.
The measure is contained in the latest omnibus tax bill, introduced to Parliament this week, and was not signalled in advance by the government.
The change erodes a key principle of GST, as well as imposing
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Rob Hosking
Thu, 15 Sep 2011
Thu, 15 Sep 2011
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GST on late payment fees will hit businesses
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