Australia-Removal of low value consignment relief potentially delayed
As reported in our recent news item, the Australian government has approved the removal of the AUD 1,000 threshold for goods imported into Australia. Currently, goods under this value are not subject to import VAT.
This threshold was scheduled to be removed from 1 July 2017, however the Australian senate has recommended that the removal is delayed for a year until 1 July 2018. The key reason for the delay being that major online retailers will not be able to implement compliant systems by July 2017, and there are also concerns that the scheme could have a detrimental effect for Australian consumers.