Australia: Consultation on draft legislation changing GST treatment of certain motor vehicles supplies

Consultation closes 6 June 2024

Consultation closes 6 June 2024

The Australian Taxation Office (ATO) on 10 May 2024 released for consultation a draft legislative instrument—A New Tax System (Goods and Services Tax): Waiver of Tax Invoice Requirement (Motor Vehicle Incentive Payment Made to Motor Vehicle Dealer) Determination 2024 (LI 2024/D6)—that would waive the requirement, in certain circumstances, for a recipient of a supply of a motor vehicle to hold a tax invoice before the relevant input tax credit will be attributable to a tax period.

The draft instrument would apply when the recipient makes a creditable acquisition of a motor vehicle from a motor vehicle dealer and, in addition to the consideration payable by the recipient, the motor vehicle dealer receives or is entitled to receive third-party consideration in the form of a motor vehicle incentive payment.

The consultation closes 6 June 2024.



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