Planned Changes to GST On Low Value Imported Goods

From 1st July 2017, overseas clients with an Australian turnover of $75,000 or more will need to register for, collect and pay GST on goods up to $1,000 that they sell to consumers in Australia.

If Australian clients are registered for GST and buy low value imported goods for their business from overseas, they will need to supply their ABN at the time of purchase so that they will not be charged GST.

If the Australian business is not registered for GST, they will be treated as a consumer and will be unable to recover the GST charged by the overseas business.