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Two pre-Budget announcements were made by the Government today.
GST on telecommunications services
The Minister of Revenue announced today that the Government intends to align the GST rules on telecommunications services with OECD guidelines and with the treatment of other remote services.
For more information, see:
– the officials’ issues paper which provides technical detail of implementation proposals. Consultation closes on 28 June.
– a fact sheet
– the Minister’s media statement.
The changes are intended to apply from 1 October 2020.
Changes to the betting levy
Also announced today was a repeal of the betting levy. The repeal is to be progressive, occurring over a three-year period. The Racing Minister’s media statement has more information.
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