13EAnnual reconciliation

13E Annual reconciliation

13E Annual reconciliation

A betting operator’s point of consumption tax liability is to be recalculated after the end of the relevant financial year.

Note—

Section 18 of the Taxation Administration Act 1996 provides that if a taxpayer has paid a greater amount of tax in relation to a tax liability than the amount assessed for that liability, the Chief Commissioner must refund the difference to the taxpayer.

s 13E: Ins 2018 No 69, Sch 1 [4].