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
Update: Ukraine changes proposals to end import VAT...
Ukraine is now proposing to end VAT exemptions on the import of low value goods into the country. If accepted this will mean all imports regardless of value...
SEE MORE
LATEST NEWS
Foreign providers liable to register and collect VAT...
During September 2024, the Federal Democratic Republic of Ethiopia introduced VAT on the sale of digital services by non-resident providers to local consumers...
SEE MORE
LATEST NEWS
Update: Foreign providers selling digital services B2C...
From 1 October 2024, the Peruvian tax authority will introduce VAT at 18% on the sale of digital services by non-resident providers to local consumers. Peru...
SEE MORE