VAT News

Australia-Changes to low value import rules

Currently, goods imported into Australia with a value of less than AUD 1,000 are exempted from the payment of import GST..

However, from 1 July 2017, this exemption will be removed, the Australian tax authorities have announced, and from this time import GST will be payable on all goods imported, regardless of their value.

These changes may mean that many businesses not established in Australia will face a requirement to register for GST if the threshold is breached.

Related articles

Making Sense of Making Tax Digital

Making Tax Digital (MTD) is an initiative by HMRC to provide a more technologically-driven approach to tax in order to improve efficiency, reduce errors, increase transparency and streamline processes.

Read more
South Dakota vs Wayfair Inc.

To combat the inequality, South Dakota brought a case against Wayfair Inc which said that even if the supplier had no physical nexus in the classic sense, they should still collect and remit sales tax on online sales, to level the playing field with suppliers who do have a nexus.

Read more
Russia-VAT rate increase

The Russian standard rate is to increase

Read more