Industry News:
As of the 1st July 2017, import consignments with a calculated import value of up to AUD1000.00, will be subject to 10% GST Tax. GST is calculated :- 10% X (CIF Shipment Value + Import Duty if applicable).
The Bill is before the Parliament and has a provision to start on the first day of the GST “quarter” after Royal Assent, but the intention is 1 July.
Australian consumers purchasing overseas goods online will pay the GST Tax as per above. We await specific guidelines as to whether the GST Tax will be payable to the overseas seller/agent or to the courier prior to receipt of goods in Australia.
We will provide updates as received from Governments authorities.
Thank you,