Is your GST Turnover Significantly Reduced?

If your GST turnover is less than $75,000 (or $150,000 for non-profit organisations), you may be able to either:

• cancel your GST registration – your fuel tax credit, luxury car tax and wine equalisation tax registrations will also be cancelled
• remain registered, but report and pay your GST annually
• continue with your current registration and reporting option.

 

About The Author

Warren Kruger is an Australian Tax Specialist and Advisor. For a FREE Report “7 Essential Strategies to Reduce Your Taxation NOW!”,enter your name and email address in the Opt In Box located on the top right hand side of this article.

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