10.6. Is a foreign bank with its representative office in Australia entitled to claim the full amount of GST on the goods and services it purchases and utilises, if it is not generating any income in Australia?

Non-interpretative – straight application of the law

If a foreign bank with a representative office in Australia chooses to register for GST, it is entitled to input tax credits for any creditable acquisitions made by its representative office in Australia. The Australian representative office of a foreign bank is not entitled to input tax credits in its own right because it cannot register for GST.

    Last modified: 24 Jun 2015QC 16359