The federal government has updated the classification system used to determine doctors’ eligibility for rural Bulk Billing Incentives effective from January 2020.
Service Entity arrangements are just one method of remuneration by Medical Practices to Medical Professionals. There are many other methods Medical Practices used to pay Doctors and the income tax and GST treatment is very different depending on the nature of the arrangement.
The ATO has released a class ruling 2011/58 in relation to the GST payable on dental prosthetists and services provided by Dental Technicians to dentists.
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Historically, most professional firms were partnerships of natural persons. Currently, professional firms are structured in a variety of ways, reflecting the economic and legal choices made by owners of those firms. In some cases, these structures may be used in ways that give rise to different tax consequences and resulting tax compliance risks.