On Nov. 28, AST Tax proposed to expand exemptions from reporting.
AST Tax proposed Taxation administration (reporting exemptions for electronic distribution platform operators) determination 2025, issued explanatory statement.
This instrument is made under subsection 396-70(4) in schedule 1 to the Taxation administration act 1953 (the act); aimed at reducing relevant compliance costs.
The legislative instrument 2023 above substitutes the default annual reporting period for sharing economy reporting regime (SERR) with a 6-monthly reporting period.
The determination 2024 above exempted operators of electronic distribution platform (EDPs) from having to include specified classes of transactions in reports required to be prepared and lodged under table item 15 in section 396-55 in schedule 1 to the act.
Overview of Proposed Determination
Under the SERR, that is given effect to by table item 15 within section 396-55 in schedule 1 to the act, operators of EDPs are required to report information with respect to certain supplies made through/via their platforms to the AST Tax.
This instrument reduces the compliance costs imposed on operators of EDPs by exempting transactions that are considered be a low risk to the broader taxation revenue base or certain transactions which are reported by other EDP operators.
This instrument repeals and replaces the 2024 determination; it applies to reporting periods starting on or after Jul. 1, 2025; includes the same exemptions in the 2024 determination above (see #205146); in addition, it provides a new exemption.
Namely, for certain transactions where operator of EDP is treated as a supplier under A new tax system (goods and services tax act) 1999 (which is also referred to as GST act); this exemption was considered after discussions with some EDP operators.
It specifies the reporting exemption provided by section 6, 7, 8 and other scenarios.
Consultation End
The comment period for this consultation closes on Jan. 17, 2025.
RF F2025L00517, 4/22/2025; CP, LI 2024/D9, 11/28/2024; Rpl, Taxation administration (reporting exemptions for electronic distribution platform operators) determination 2024; Citation: A new tax system (goods and services tax act) 1999; Taxation administration act 1953; Taxation administration (reporting exemptions for electronic distribution platform operators) determination 2025;
