AUSTRALIAN SALES TAX.
The new sales tax duties in Australia have led to endless confusion amongst those to whom the tax relates. To clear up any doubtful question, regulations, _or rulings, are being issued, and one which was issued on August 20 has caused consternation among a section of traders. The new ruling states: "So much of the stock on hand on August 1 as was manufactured by the owner of the business shall be subject to the sales tax on the price for which it is sold, or to be sold. Such stock is to be treated as having been sold by the retailer as a manufacturer to himself as a retailer on August 1. Sales tax is to be charged on the wholesale selling value, and the tax is payable for the month in which the stock is treated as stock sold for retail trade" f .. ' This means, in short, that manufacturers who make for their own retail shops will be called upon to pay in one month •the whole, sales tax on the wholesale value of all stock made up by themselves and; held for retail, trade.
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Bibliographic details
Auckland Star, Volume LXI, Issue 210, 5 September 1930, Page 4
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190AUSTRALIAN SALES TAX. Auckland Star, Volume LXI, Issue 210, 5 September 1930, Page 4
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