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Crowdfunding may attract GST

October 07th, 2014

The Australian Tax Office has informed the lower house Standing Committee on Tax and Revenue that companies seeking to use non-equity crowdfunding websites such as those operated by Kickstarter and Pozible may be required to levy the GST, if they provide something of value in return for "donations".

By Andrew Colley (The Age, 07.10.2014)

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