Meaning of GST in a contractual job salary

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• CarlDesacola Brisbane
  Posts: 3Member
  Joined: Apr 20, 2014

  May 2014

  Kamusta po!
  
  If your employer says they will pay you "$100 per hour (ex GST)", it means that they will pay you $100 plus 10% for GST = $110. The idea is that you are supposed to forward the extra $10 collected to the Australian Taxation Office.
  
  But if your employer says they will pay you $100 per hour (inc GST), it means they will pay you $100. However, you will need to deduct 1/11th as the GST component. In other words, you are actually only getting paid $90.91 plus 10% (ie. $9.01) GST.
  
  I hope that makes sense!
  
  Kind regards,
  
  
  Carl Desacola
  Lawyer | Registered Migration Agent (MARN 1461661)
  
  Winthrop Mason | Business Lawyers & Migration Agents
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  Carl Desacola
  Director | Registered Migration Agent (MARN 1461661)

  Winthrop Mason | Business Lawyers & Migration Agents
  P (07) 3303 0843 F (07) 3303 0842
  E info@winthropmason.com.au

  Winthrop Mason Pty Ltd ACN 168 185 886
  AMP Place, Level 19, 10 Eagle Street, Brisbane, Qld 4000

  Individual liability limited by a scheme approved under Professional Standards Legislation

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• kremitz North Ryde
  Posts: 1,074Member
  Joined: Apr 17, 2013

  May 2014

  Ok ty po

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