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The GST was introduced in Australia on 1 July 2000 by the then Howard Liberal government. A number of supplies are GST-free (e.g., many basic foodstuffs, medical and educational services, exports), input-taxed (residential accommodation, financial services, etc.), exempt (Government charges) or outside the scope of GST.
If a taxpayer ceases to be an Australian resident for tax purposes, this triggers Capital Gains Tax event I1 and so the taxpayer must choose whether to immediately pay Capital Gains Tax on all holdings, other than those related to Australian real estate, or pay Capital Gains Tax on the holdings when they are disposed of even if the taxpayer is ...
Brendan O'Regan established the world's first duty-free shop at Shannon Airport in Ireland in 1947; [6] it remains in operation today. Designed to provide a service for trans-Atlantic airline passengers typically travelling between Europe and North America whose flights stopped for refuelling on outbound and inbound legs of their journeys, it was an immediate success and has been copied worldwide.
The main fuel tax in Australia is an excise tax, to which Goods and Services Tax ("GST") is added. Both taxes are levied by the federal government. Both taxes are levied by the federal government. In Australia the GST (currently 10%) is applied on top of the fuel excise tax.
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The school leaving age is 17 in all states and territories of Australia. Youth Allowance was introduced from July 1998 and replaced Youth Training Allowance and Newstart Allowance for job seekers under 21 and AUSTUDY for students under 25. In 2009 a number of significant changes to Youth Allowance were announced in that year's Federal Budget ...
A fringe benefit is an extra benefit supplementing an employee's monetary wage or salary. For example: A company car, private health care, fitness club membership, phone or internet service reimbursement, etc. In Australia, a fringe benefit is a payment to an employee that is not considered part of the employee's income.
Discounts are reductions applied to the basic sale price of goods or services. Allowances against price may have a similar effect . Discounting practices operate within both business-to-business and business-to-consumer contexts. [1]