31 May 2017
There is speculation that the Australian Government may delay the removal of the import GST exemption on goods bought from foreign suppliers to 1 July 2018. Currently this threshold is set at AUD$ 1,000 and allows importers to purchase goods GST and duty free from non-resident companies up to this amount.
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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