Indirect Tax News - Issue 1/2018

Currently, goods supplied by non-resident entities to Australian consumers or businesses do not attract GST (10%) where they are valued at less than AUD 1,000. However, from 1 July 2018 onwards, where the goods are supplied to an ‘Australian consumer’ (an individual or entity that is not registered or required to be registered for GST in Australia), overseas based merchants will be required to remit GST on the goods where their annual turnover exceeds the AUD 75,000 registration threshold.

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