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Are late fees “revenue” for GST?

Taxation in Australia | 1 Nov 10
 
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Published on 01 Nov 10 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

This article briefly examines the decision of the Full Federal Court in C of T v American Express International Inc and the potential GST implications of the decision for taxpayers that are required to apportion input tax credits and/or receive late payment fees and charges on overdue accounts.

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James CHOI
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