Category Archives: Customs Duty Advisory News

GST On Low Value Imported Goods

GST On Low Value Imported Goods Department of Home Affairs have issued the following notice regarding 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.…
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Breakfast Seminar Series: International Trade

On 22nd June 2017, Saving Point is holding an interactive seminar to discuss the tools and processes necessary for Australian businesses to flourish in the arena of international trade. The following businesses and professionals are encouraged to attend: ● Importers ● Exporters ● Manufacturers ● Accountants & business advisors Agenda 1. Australian Trusted Trader -…
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GST to Apply to Low Value Goods

GST to Apply to Low Value Goods From the 2016-17 Federal Budget: "The GST will be extended to low value goods imported by consumers from 1 July 2017. The measure is estimated to have a gain to GST revenue of $300.0 million over the forward estimates period. This will increase GST payments to the States…
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Closure of Enhanced Project By-law Scheme

Closure of Enhanced Project By-law Scheme From the 2016-17 Federal Budget: "The Enhanced Project By‑law Scheme (EPBS) will close from 7:30pm (AEST) on 3 May 2016, with transitional provisions for concessions already granted under the EPBS. This measure is estimated to have a gain to revenue of $220.0 million over the forward estimates period".
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