4 April 2012
The Goods and Services Tax Act (Amendment of Fifth Schedule) Order 2012, published on 30 March 2012, came into operation on 1 April 2012.
The Order amends Part II of the Fifth Schedule to the Goods and Services Tax Act in respect of the application fees for a ruling to:
(a) a non-refundable application fee of $525 (inclusive of goods and services tax), which shall accompany the application (para 1 (a)).
(b) a further fee, calculated at $131.25 (inclusive of goods and services tax) per hour (or part hour), beyond the first four hours, spent in consideration of the application by the Comptroller, including any time spent by the Comptroller in consulting with the applicant (para 1(b)).
The previous fees for (a) and (b) were $535 and $133.75 respectively.