International Retailers Selling to Australia: Start Collecting GST from 1 July 2018
From 1 July 2018, online retailers must start collecting Goods and Services Tax (GST) on goods sold to consumers in Australia valued at A$1,000 or less. This applies to international retailers if they have a GST turnover of A$75,000 or more in a 12-month period.
A simplified system is available for businesses to register, lodge and pay Australian GST. Retailers using this system will only need to report Total Taxable Sales and GST, and pay once each quarter.
The Australian Taxation Office (ATO) will continue to offer full support to help retailers that are taking reasonable steps to comply. ATO Assistant Commissioner Kate Roff said this includes helping retailers navigate the collection and remittance process.
“Any businesses that are having difficulty meeting their obligations should contact the ATO as soon as possible,” Ms. Roff said. “Businesses that do the right thing and register for GST can be assured that we will, where appropriate, pursue businesses that do not.”
“The ATO has the ability to use financial data tracking, customs data and online investigations to identify those that are not meeting their taxation obligations.”
“Businesses that decide not to comply will face penalties.”
The new taxation measure provides fairer trading for all retailers. It ensures low value goods purchased by consumers in Australia will have the same tax treatment, no matter where they are purchased from.
This also means that re-delivery service providers like mailbox re-delivery and personal shopping services will be subject to similar registration requirements. Consumers using GST–registered re-deliverers will pay the applicable GST to them.
Relevant businesses must register now and start collecting GST from 1 July 2018. Instructions on how to register in the simplified GST systems for international business can be found at ato.gov.au/GSTSimpleReg .
Information about collecting GST can be found by:
Information om Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Følg pressemeddelelser fra Business Wire
Skriv dig op her og modtag pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Business Wire
HCL-TECHNOLOGIES21.9.2018 14:18 | pressemeddelelse
Asda Selects HCL Technologies to Help Drive IT Transformation
IPSEN21.9.2018 07:32 | pressemeddelelse
Ipsen Receives Positive CHMP Opinion for Cabometyx® (Cabozantinib) for the Second-line Treatment of Patients with Hepatocellular Carcinoma (HCC)
CA-QUANERGY-SYSTEMS21.9.2018 07:02 | pressemeddelelse
Quanergy Selected as Exclusive LiDAR Partner for VRCO
GLOBAL-RAYTUR21.9.2018 05:10 | pressemeddelelse
Overseas Roadshow for the IAPH Guangzhou 2019 World Ports Conference Was Held in London
MINDOL-HOLDINGS21.9.2018 03:02 | pressemeddelelse
AbuDhabi Dubai STOB Series 22 Investment Enters into Favorable Tender Offer Agreement with MINDOL HOLDINGS
AFTON-CHEMICAL20.9.2018 22:32 | pressemeddelelse
Afton Chemical’s S$380 Million Phase II Expansion of Its Jurong Island Plant is Now Complete
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum