Changes to GST Treatment of Cross Border Transactions

PwC have written a good article on the changes proposed by the new provisions for the GST Things to note from this review:

1. start date MAY be 1 July 2016;
2. compulsory reverse charge provisions;
3. Changes to the calculation of the value of a taxable importation by providing importers with an election to use a 10% uplift factor (unless an alternative amount is included in the regulations to the Act) to the customs value, in lieu of determining the actual value of transport and related coststreatment of cross border transactions.