UPDATE: Australia – low value imports legislation introduced

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.

LATEST NEWS

Brexit: actions to help you prepare

The transition period after Brexit comes to an end this year and even if a trade deal is agreed, there will be a host of changes to the current VAT regime that...

SEE MORE
LATEST NEWS

Ecuador to apply VAT on digital services from...

From 16 September 2020, Ecuador will impose VAT at 12% on the sale of e-services to local consumers by non-resident businesses.  At present, non-resident...

SEE MORE
LATEST NEWS

Costa Rica to introduce VAT on electronic services...

From 1 October 2020, Costa Rica will introduce VAT at 13% on the provision of electronic services by non-resident companies. At present, foreign businesses...

SEE MORE

Gated Content

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