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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:

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:

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

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Trustee reporting obligations checklist

November 8, 2018

Trustees must comply with reporting obligations to avoid penalties from the ATO.

The following trustee reporting checklist to make sure you are stress-free at tax-time.

Trustees must: