AUSTRALIA
HISTORY
•GST (Goods and Services Tax)
•10%
•Tax system initiated in July 2000, just before Sidney Olympics
•Currency: Australian Dollar, A$
•Website: www.ato.gov.au
•There is no time limit for claiming input credits on a Business Activity Statement
(retroactive claims are acceptable, from July 2000)
•Refunds must be forwarded to a bank account located in Australia
•Expenses for personal use and entertainment are not refundable / do not qualify for input tax credit
•ABN (Australian Business Number) Registration Kit (NAT form number 2936), or
ABR (Australian Business Register) (www.abr.business.gov.au)
•Business Activity Statement (BAS)
•Proof of Business Activity (date of incorporation, certificate of residency, and tax identification number in home country)