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Are workers compensation payments for income loss for self employed eg. taxi driver subject to GST ?
I need some clarity here, is the insurance company paying out for an injury or are you paying your premium?
Recently I received an insurance payout for damaged plant, the payment was exclusive of gst. Their expaination was your accountant will know what to do.
Its a paying out for injury.
No, there is no GST.
Viewing 4 posts - 1 through 4 (of 4 total)
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