Tax System Improvement

Increase the GST valid tax invoice threshold

The current threshold for which a valid GST tax invoice must be held in order to claim input tax credits is $82.50 GST inclusive. This threshold imposes large administrative costs on businesses. Propose the threshold be increased to $150 GST inclusive.

Last Edited by Moderator - Board of Taxation Secretariat



9 votes
10 up votes
1 down votes
Idea No. 1