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ABSIA NEWSLETTER - 5 September 2016

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Webinars, Forum and Workshops

 

ABSIA Forum and ebMS3 expo proudly brought to you by 


          
 
This Wednesday - 7th September 2016 - ebMS3 exhibition opens at 9 am.

Last Chance to Register

Email info@absia.asn.au with your questions or topics of interest for our speakers and exhibitors!  
Follow us on Twitter and ask questions before, during and after the event using #q4ABSIA

ABSIA is excited to have guest speakers Small Business and Family Enterprise Ombudsman - Kate Carnell, and; ATO Assistant Commissioner's Chris Thorne and John Shepherd.

At the ebMS3 expo, solution providers & government technical staff will be on hand to help you decide on building, buying or partnering in the ebMS3 space. Exhibitors will include:


          
            

Planned agenda available at the ABSIA site.

Industry Initiatives


Future of the Tax Profession
The Future of the Tax Profession working group includes tax professionals, professional associations, software developers, the Tax Practitioners Board and the ATO; discussing strategies to give tax professionals tools and information to support them in this changing environment. The Future of the Tax Profession group focuses on supporting tax professionals with changes to their software and online services in the digital environment. This is an ATO-conducted working group. ABSIA Special Interest Group (SIG) members can see the latest in the Future of the Tax Profession Working Group Forum.*  
*This is a member’s only group. Members can express interest in participating in the group to info@absia.asn.auIf you are not yet a member, go to the ABSIA website for information on membership benefits including access to restricted forums and special events and join us as a member of ABSIA.

Imported Digital Services (IDS)
From the 1st of July 2017, international sales of digital products and services to Australian consumers will begin to attract GST.  
This may impact overseas businesses as may need to update business and accounting software to be able to:
- ID those products that are GST taxable supplies,
- ID what transactions to charge the GST on (business to business transactions are exempt), 
- be able to identify Australian consumers including Australian residents and registered Australian businesses,
- report and pay the GST, and;
- create GST reports.
Suppliers will need to keep accounts showing taxable sales and GST payable (simplified), to feed into the BAS (for those opting for full registration).

As existing Australian business and accounting software may already be equipped with some of the functionality required, this may provide Australian software developers providing or looking to provide global e-commerce solutions a real opportunity in the international market.

ABSIA is forming an IDS Special Interest Group (SIG)** to participate in exploring impacts and work with the ATO as software developers and service providers prepare products to enable meeting of the new obligations. ABSIAs IDS SIG will approach feedback to the ATO as a collective from an industry wide perspective. ABSIA Members are asked to express their interest in participating to info@absia.asn.au.


**This is a member’s only group. If you are not yet a member, go to the ABSIA website for information on membership benefits including access to restricted forums and special events and join us as a member of ABSIA.

Online Forums Update

 

Payroll Special Interest Group (SIG)***

The Single Touch Payroll (STP) Detailed Design Working Group will meet for the first time in Sydney on the 6th of September, 2016. The Budget Savings Omnibus Bill 2016 - measure for STP has been introduced into parliament. The ATO has published a consultation paper, providing taxpayers with a draft administrative approach for public feedback and comment. The progress is a positive step towards STP for the Australian business software industry. ABSIA thanks its members for their continued efforts and perseverance on this matter. Further information will be made available to ABSIA Payroll SIG members soon, via the online forum. 
***This is a member’s only group. Members can express interest in participating in the group to info@absia.asn.au. If you are not yet a member, go to the ABSIA website for information on membership benefits including access to restricted forums and special events and join us as a member of ABSIA.

 

PLS Health Check

The PLS health check report is a consolidated assessment of members’ experiences with the SBR system, processes and artefacts, that is submitted bi-monthly to the ATO to assist the them in making decisions impacting PLS. ABSIA has submitted the next PLS health check to the ATO for the April - May, and; June - July periods which members can view at the PLS Health Check - April-July 2016 Forum.****
****This is a member’s only group.
Members can express interest in participating in the group to info@absia.asn.auIf you are not yet a member, go to the ABSIA website for information on membership benefits including access to restricted forums and special events and join us as a member of ABSIA.


E-Invoicing

SIG Members please see the latest in the e-Invoicing Interoperability Framework Forum.*****
*****This will be a member’s only group. Members can express interest in participating in the group to info@absia.asn.auIf you are not yet a member, go to the ABSIA website for information on membership benefits including access to restricted forums and special events and join us as a member of ABSIA.

Other News


2016 - 2017 Pay As You Go (PAYG) Withholding Draft Formula

Legislation for the proposed changes to the individual tax rates for the 2016-17 income year was introduced to Parliament on 31st of August 2016.  The ATO is confident that the bill will be passed by both houses. Draft formulas published on 25 August 2016 are now final and will apply from from the 1st of October 2016. The formulas do not include any catch-up component for the portion of the year which has already passed. Please see details at the Software Developers site.
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