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.


Find out more about VAT in Australia
LATEST NEWS

Emergency VAT measures to combat the financial impact...

Due to the negative financial impact that the Coronavirus pandemic is having on businesses all over the world, a number of tax authorities have implemented...

SEE MORE
LATEST NEWS

UPDATE: EU warns 14 member states on delay in...

The European Commission (EC) has issued formal notice letters to 14 European Union (EU) member states, warning them on their failure to implement the four...

SEE MORE
LATEST NEWS

France relaxes conditions for Import VAT Postponed...

From January 2021, France will drop all requirements on businesses who are entitled to use the Import Value-Added Tax (VAT) Postponed Accounting regime in the...

SEE MORE

Gated Content

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