Briefing paper
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The goods and services tax (GST)
Publisher
Taxation
Consumer behaviour
Goods and services tax
Australia
Description
The Australian Goods and Services Tax (GST) is a tax levied on the supply of goods and services in Australia. The GST is charged at a rate of 10 per cent of the final price of goods and services. In the fiscal year ended 30 June 2014, the GST raised $51.4 billion. This is about 3.3 per cent of GDP or 12.5 per cent of total tax revenue collected in Australia.
Publication Details
Copyright:
Miranda Stewart and Peter Varela 2016
Access Rights Type:
open
Post date:
19 Sep 2016
