GST 高手请进，分分伺候

courier

澳洲上市公司发行convertible notes，50%澳洲发行，50%海外购买。投行收取advisory fees。

请问这个费用是financial supplies吗？遵循input taxed方法claim吗？

如果是的话，因为50%是海外投资者购买，这个费用可以按照比例只charge50%的GST，另外50%的是GST Free吗？，这样澳洲公司claim GST才有可能没有breach De minimis rule

问题是环环相扣的，所以有点复杂。如果说明，能指明个rule吗？我好去看看

谢谢先，分分等待(paopaobing(32))

steveking

原帖由 courier 于 2009-2-23 10:24 发表
澳洲上市公司发行convertible notes，50%澳洲发行，50%海外购买。投行收取advisory fees。

请问这个费用是financial supplies吗？遵循input taxed方法claim吗？

如果是的话，因为50%是海外投资者购买，这个费用 ...

不懂，帮顶

丹儿

这个不敢乱回答。一般这种情况，联系 ATO拿到一个ato认定的treatment，有凭为好。

prettywoman18

invoice 上有注明的吧

courier

谢谢楼上

LONELYMELBOURNE

It seems that you are working on issue 12(c). I think it's financial supplies, but regarding the non-resident part, i have not found any ruling on it. Have you done other issues?

courier

已经添加，谢谢。

需要第二个问题，是因为，即便是financial supplies，因为GST有超过minimum，所以还是不能claim的。除非claim 50%，才符合条件

LONELYMELBOURNE

Regarding de minimus rule, the value of ITC attibutable to acquisitions relating to the financial supply is less than either or both
(1) 10% of the entitiy's total ITC entitlement (we have no background info to calculate this)
(2) 50,000

The legal costs and investment banking fees attributable to financial supply i.e. issue of convertible notes are $2million, so they are higher than $50,000. The de minimus rule will be applied only when the non resident bought less than 2.5% of notes (i.e. ITC 2 million x 2.5% = $50,000).

Any thoughts?

courier

是的

现在100% charge 的GST是 $ 75,000. 所以只能依靠50%的海外算作GST Free，这样就是 $ 37,500，否则就是$ 75,000超过  $ 50,000.

courier

only when the non resident bought less than 2.5% of notes
这个是你举的例子，还是有rule的？

如果是rule，这个就是我所需要的，太棒啦，厉害。

今天分分没有了，以后继续来补

JeffShen

there is a ruling on GST on financial supply which some people say it is bible of GST in this issue. I think it is GSTR2002/02. Please check it and GST regulations in ATO website to see if ICT for the investment banking fee is allowed or not.

If the listed entity is not financial institutions, the FAT (financial acquition threshold) might be less than the de minimus rule mentioned below (first limb) in the past or future 12 months.

Even FAT is exceeded, you can also check whehter reduce ITC (75% of ICT) is allowed or not. I think the overseas subscribe of convertible bond is GST free supply and should not included in it. So you may need to split the legal fee and investment banking fee in two part, one is for financial supply and the other is for GST free supply.

Anyway, you can apply for private ruling with ATO. It might be take sometime but cheaper than the charge from your tax adviser.

Please give more details of the issue or questions so more specific answer can be made

courier

At this stage, total GST is $ 75,000 which is more than FAT. The company can not claim input tax credit and 10 per cent rule is disregarded.

If apportion rule applies,  only $ 37,500 is included into calculation of input tax credit; therefore, it will not breah FAT.Then, I wil discuss whether the company can meet 10 per cent rule.

[ 本帖最后由 courier 于 2009-2-23 23:10 编辑 ]

courier

谢谢哦

糊里糊涂

顶起来,问问有没有尘埃落定的答案!!!!(paopaobing(56)) (paopaobing(56))