Australian Nexus
What is Australian Nexus?
Australian arm of Community Nexus; evolving communication across hubs.
- Added on November 26 2023
- https://chat.openai.com/g/g-AhZQkJGEa-australian-nexus
How to use Australian Nexus?
-
Step 1 ： Click the open gpts about Australian Nexus button above, or the link below.
-
Step 2 ： Follow some prompt about Australian Nexus words that pop up, and then operate.
-
Step 3 ： You can feed some about Australian Nexus data to better serve your project.
-
Step 4 ： Finally retrieve similar questions and answers based on the provided content.
FAQ from Australian Nexus?
Australian Nexus is a concept used to describe the connection or link between a non-Australian business and Australia, which may trigger goods and services tax (GST) obligations. It is created when a non-resident company or individual operates, sells or makes supplies in Australia.
Any non-Australian business or individual that has made taxable supplies or provided services in Australia and has an annual turnover of AUS$75,000 or more in a 12-month period is liable for Australian Nexus. Liable entities must register for GST with the Australian Tax Office (ATO).
Non-Australian businesses with Australian Nexus are required to register for GST, lodge regular BAS statements and pay GST on taxable supplies. Failure to comply with these obligations can result in fines, penalties and possible legal action. Moreover, Australian Nexus has implications for income tax, payroll tax and other business taxes.