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Importing goods worth $1,000 or less?

Overseas businesses that meet the GST registration threshold (A$75,000) will be required to charge GST on goods purchased from the 1 July 2018.

Specifically, GST will be charged on goods that are:

  • less than A$1,000 (low-value);
  • not GST-free (i.e., alcohol or tobacco products);
  • and imported into Australia.

Individuals who purchase low-value goods (which they import) will be required to pay GST if they are not registered for GST or importing goods for personal use (even if they are GST registered).

However, individuals can avoid paying GST if they are:

  • registered for GST;
  • import low-value goods for business use in Australia;
  • and provide their ABN to the supplier and a statement that they are GST registered.

Individuals charged GST incorrectly will need to contact the supplier to advise them they are registered for GST, and need to request a refund.

This entry was posted on Friday, June 15th, 2018 at 11:03 am and is filed under General News. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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