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

Malaysia-GST 'scrapped' from 1 June 2018

Malaysia has announced GST will be reduced to 0% from June 2018

Read more
GCC-Kuwait to postpone VAT implementation

Kuwait's parliament budget committee has announced the postponement of the VAT implementation until 2021

Read more
Australia-Changes for non-established accommodation suppliers

In the recent budget, it was announced that non-Australian entities making supplies of accommodation may be brought into the GST net

Read more