The Australian Taxation Office (ATO) published guidance on 26 October 2018 aimed primarily at small businesses importing goods and services, including in relation to the new rules for low value imported goods, digital products, or services. Under the new rules, which are effective from 1 July 2018, overseas suppliers with turnover for GST purposes exceeding the AUD 75,000 registration threshold are required to register and remit GST on their low value supplies.
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GST applies to most impor…