UPDATE: Australia – low value imports legislation delayed until 2018

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.

LATEST NEWS

The new EU VAT e-commerce package – Implications for...

From 1 July 2021, the European Union’s (EU) e-commerce reform will be introduced, which will include the withdrawal of the current VAT distance selling...

SEE MORE
LATEST NEWS

The new EU VAT e-commerce package – Implications for...

From 1 July 2021, low-value consignments of €22 or less imported into the European Union (EU) will no longer be exempt from import VAT. Instead, VAT will be...

SEE MORE
LATEST NEWS

Separate EORI number for Northern Ireland required

HMRC have recently confirmed that businesses who import and export goods from Northern Ireland (NI) will need a special Economic Operator Identification Number...

SEE MORE

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.