Australia: Consultation on new proposed reporting exemptions for electronic distribution platform operators
Consultation on a draft legislative instrument that would introduce new reporting exemptions for electronic distribution platforms operators
New proposed reporting exemptions for electronic distribution platform operators
The Australian Taxation Office (ATO) opened consultation on a draft legislative instrument that would introduce new reporting exemptions for electronic distribution platforms (EDPs) operators for certain types of suppliers and transactions.
The draft instrument, Taxation Administration (Reporting Exemptions for Electronic Distribution Platform Operators) Determination 2024, would repeal the Taxation Administration (Reporting Exemptions for Electronic Distribution Platform Operators – Relevant Accommodation and Taxi Travel) Determination 2023 from 1 July 2024.
According to the ATO, the draft instrument would generally replicate the exemptions provided in the 2023 determination, meaning that entities that satisfied the requirements of that determination would generally satisfy the requirements of this instrument.
The draft instrument also contains new exemptions for operators of EDPs from having to include specified classes of transactions for reporting periods starting on or after 1 July 2024.
The consultation closes on 15 April 2024.
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