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  • GST and other taxes

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    GST and other taxes chapter

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    This chapter provides a general description of the GST, WET and LCT. It reports liabilities incurred for the 2008-09 and 2009-10 financial years, as reported on business activity statements and other forms.

    GST is a tax of 10% on the supply of most goods and services and other taxable supplies (for example, real property and rights) in Australia, including goods that are imported. In most cases, GST does not apply to exports of goods or services, or other items consumed outside Australia.

    GST is administered by the ATO on behalf of the Australian Government, and is appropriated to the states and territories. The Australian Government funds the ATO to administer the GST, and is reimbursed by the states and territories. The Australian Customs Service (Customs) collects GST on taxable importations that are not subject to the deferred GST scheme.

    Overview

    For the 2009-10 financial year:

    • total net goods and services tax (GST) liabilities (including Customs collections) were $44.9 billion, an increase of 8.1% from 2008-09
    • wine equalisation tax (WET) liabilities (including Customs collections) were $739 million, an increase of 1.4% from 2008-09
    • luxury car tax (LCT) liabilities (including Customs collections) were $482 million, an increase of 28.2% from 2008-09.
     
      Last modified: 18 Oct 2011QC 23907