25 September 2015
The Australian government has announced that from 1 July 2017 the low value import threshold of AUS $1,000, which allows imports of goods to be cleared GST and duty free, will be removed. This change will mean that imports below this threshold value will be subject to duty and GST.
After the removal of the threshold, overseas suppliers will have to register for GST if their annual sales to Australia exceed AUS $75,000.
LATEST NEWS
Hungary to introduce mandatory digital VAT filing from...
From 1 January 2027, all businesses registered for VAT in Hungary will be required to file their VAT returns through the country’s eVAT, or eÁFA, system...
SEE MORE
LATEST NEWS
EU customs reform increases responsibilities for...
In September 2026, the EU formally adopted a new Customs Code that will significantly change how goods are imported into the EU. Although the reforms apply...
SEE MORE
LATEST NEWS
Germany plans import VAT accounting reform
Germany is planning to introduce a new import VAT accounting system from 1 January 2030, which could significantly improve cash flow for businesses importing...
SEE MORE