GST ON LOW VALUE IMPORTED GOODS

From 1st July 2018, the Goods and Services Tax (GST) may apply to goods with a customs value of $1,000 or less (low value goods) when imported from overseas by consumers in Australia.

Vendors, including merchants, electronic distribution platforms (EDPs) or re-deliverers, that meet GST registration requirements will be required to charge and collect GST at the point of sale on eligible goods with a customs value of $1,000 or less. In most circumstances, goods under $1,000 will be purchased and shipped as the currently do through self-assessed clearance declarations. There will be no changes to border clearance processes or to the movement of goods across the border. The $1000 threshold for reporting and collection of duties and taxes at the border will also remain.

For more information, visit www.homeaffairs.gov.au and www.ato.gov.au/ausGST