New Service Helps Companies Reclaim Australian GST
FOR IMMEDIATE RELEASE
Millions of Dollars of Australian GST Unclaimed by Foreign Companies
SINGAPORE, September 28, 2005 -- Businesses dealing with Australia often pay Australian goods and services tax (“GST”). It is a little known fact that foreign companies can reclaim this GST from the Australian government. This month EasyGSTrefunds has launched a new website which makes the process of claiming back Australian GST easier for non-Australian businesses.
EasyGSTrefunds is a global network offering a straight forward but genuine value added service for foreign companies that trade with Australia or visit the country on business.
With a global array of consumption tax legislation enabling refunds for foreign visitors, VAT claim-back services have become common place, particularly across the UK, continental Europe and Canada. EasyGSTrefunds is the leading provider of such services to business when it comes to Australian GST.
Australian GST legislation makes it possible for foreign businesses to claim back GST incurred on Australian business expenses and other purchases from Australia. The fact that GST refunds are available (and remain available for up to 4 years) is little known and has resulted in the Australian Tax Office pocketing a windfall of many millions of dollars. EasyGSTrefunds was formed to assist companies outside of Australia to claim back this 10% tax.
In a business climate of squeezed profit margins and pressure on managers to cut costs, the EasyGSTrefunds service is a welcome offering.
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