28 February 2017
The Australian government has announced that from 1 July 2017 they will remove the import GST exemption on goods bought from foreign suppliers. Currently this threshold is set at AUS$ 1,000 and allows importers to purchase goods GST free from non-resident companies up to this amount.
However from 1 July 2017 this will not be the case and instead non-resident providers, who have previously avoided GST registration, will have an obligation to register and account for GST on the sale of the low value goods. This will be subject to their turnover in the country exceeding the AUD$ 75,000 registration threshold.
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