ATO ruling sets Australian gold miners at ease

AUSTRALIA'S gold industry has had a win with the Australian Taxation Office following confirmation that the delivery of gold dore to refiners by producers would not be deemed the supply of precious metal.

ATO ruling sets Australian gold miners at ease ATO ruling sets Australian gold miners at ease ATO ruling sets Australian gold miners at ease ATO ruling sets Australian gold miners at ease ATO ruling sets Australian gold miners at ease

Under GST guidelines the first supply of precious metal after refining by either the miner or refiner is tax-free, with the obvious corollary that transactions thereafter were not.

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