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.

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