Tax Reporting
| Proprietary format | Reference | Code list |
|---|---|---|
| XBRL | 1.0.4 (2009) | AU_XBRL_ATO |
GST-registered businesses in Australia are required to file periodic GST returns known as Business Activity Statement (BAS). The current rate of GST is at 10 percent. Lodging of BAS can occur monthly, quarterly, and sometimes annually. However, it is compulsory to lodge monthly and electronically if the annual turnover is AUD20 million or more.
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