Australian Parliament Passes Bill for GST on Low Value Imported Goods with Delay to 2018

On 21 June 2017, the Australian Parliament House of Representatives passed the Treasury Laws Amendment (GST Low Value Goods) Bill 2017, including amendments made by the Senate to delay the effective date of the new requirements from 1 July 2017 to 1 July 2018. The purpose of the Bill is to ensure that Australian GST is payable on supplies of low value imported goods (less than AUD 1,000) that are purchased by consumers in Australia. Once effective, an overseas supplier with turnover for GST …