This Draft GST Ruling, issued on Wed 30.7.2014, outlines the GST treatment of fees payable for ATM services, surcharges imposed on credit card transactions, and surcharges imposed on debit card transactions. It includes 8 examples which considers various scenarios and outlines the GST treatment of the scenarios.
DATE OF EFFECT: When the final Ruling is issued, it is proposed to apply both before and after its date of issue.
COMMENTS are due by 12 September 2014. ATO contact: Djurdja Gayler – Tel: (07) 3213 6700; Fax: (07) 3119 9844; Email: djurdja.gayler@ato.gov.au.
[LTN 145, 30/7/14]