30 June 2017
The Australian government have confirmed that the removal of the import Goods and Services tax (GST) exemption on goods bought from foreign suppliers will be delayed until 1 July 2018.
The import GST exemption allows importers to purchase goods from non-resident companies up to a value of AUD $1,000.
Once removed this will not be the case and instead non-resident providers, who have previously avoided GST registration, will have an obligation to register and account for GST on the sale of their low value goods. This will be subject to their turnover exceeding the AUD$ 75,000 registration threshold.
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