Elements and Performance Criteria
- Assess applicability of indirect taxes to goods, commodities and transactions
- Applicability of indirect taxes to goods and commodities is analysed and documented
- Allowable exemptions and specialised schemes relating to indirect taxes are researched for applicability to specific commodities and/or transactions
- Allowable exemptions are applied to goods and commodities in accordance with relevant legislation
- Accuracy of assessments is checked and verified
- Calculate indirect taxes
- Document indirect tax assessments
- Indirect tax assessment results are recorded on appropriate documentation in accordance with legislative requirements
- Rates and amounts of indirect taxes payable are checked for accuracy and are verified in accordance with workplace procedures
- Completed documentation is stored, retained and provided to clients and other relevant personnel as required in accordance with current Australian Customs Act and relevant legislation and workplace procedures