Kate Law and Anna Derlacz discuss key issues regarding the new rules on GST on low value imported goods.
There are only four months to go until Australia becomes a ‘first mover’ globally by requiring sellers, online platforms and redeliverers to remit goods and services tax (GST) on sales of low value imported goods to Australian end consumers.
Businesses selling goods into Australia will need to navigate a two tier system whereby low value goods will be taxed at sale and high value goods or consignments over AUD $1,000 will be taxed at the border.
KPMG has prepared a brief outlining the key issues and FAQs for these rules.
Businesses will need to consider how they manage a number of practical complexities, including:
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