Compliance program 2011-12

International and cross-border transactions

We continue to work with industry to clarify the law relating to international transactions, and to improve business understanding of the GST treatment of such transactions. Recent law changes regarding the domestic leg of international freight transport is an example of this approach.

Our focus will be broadened from incorrect classification of intangible/services to include various business models being used by exporters and importers of goods. In particular, we will be working with Australian Customs and Border Protection Services on the findings of their recent enhanced compliance campaign around the low-value threshold. Information received will be evaluated to determine if consignees regularly importing goods valued at less than $1,000 are required to register for GST, or if the suppliers of the goods to the consignee are making a taxable supply because the goods are delivered or made available within Australia.

Sections within Small-to-medium enterprises

• Private groups
• Highly wealthy individuals
• Wealthy Australians
• $100 million - $250 million segment
• Employer obligations
• Lodgment compliance
• Trusts
• Phoenix arrangements
• Overseas interests and international dealings
• Division 7A
• Capital gains tax
• Foreign residents
• Capital and revenue losses
• Restructuring by professional firms
• Fringe benefits tax
• Taxation of financial arrangements (TOFA)
• Small business and general business tax break
• Goods and services tax (GST)
• Refund integrity
• Property
• Retirement villages
• Integrity of business systems
• Financial supplies
• International and cross-border transactions
• GST serious evasion
• Excise
• Excise equivalent goods
• Tax reporting of exports including excisable goods
• Wine equalisation tax
• Alternative fuels
• Superannuation
• Managing business tax debt