GST Law Changes
Welcome – to Minisport-oz - for quality parts at the most competitive prices!
Due to recent changes to the Australian GST Laws (as of 30th June 2018) we have been forced to charge a 10% GST fee; we will therefore charge all further orders a GST fee of 10%.
For orders that exceed $1000, please complete your shopping cart/details as normal; we will then refund your GST amount within 24/48 hours dependant on when the order is placed. These orders will then be charged GST (10%) plus Import Duties (approx. 5%); when the order arrives in Australia via Australian Customs. Tyres will be charged extra if the shipment exceeds the limit of $1000. (Quarantine and Fumigation costs).
For further information contact Minisport-oz
Australia GST on e-commerce 1 July 2018
From 1 July 2018, 10% GST is due on all goods sold by foreign online retailers to Australian consumers. Once the non-resident e-merchant sales more than AUS$75,000 per annum, they must GST register with the Australian authorities, file and pay any tax due. It is estimated that over 3,000 foreign companies will have to register for GST on goods.
Previously, there was a AUS$1,000 low-value consignment stock exemption from GST, which effectively meant only luxury goods retailers incurred any GST.
The fines for non-compliance include a 75% administrative penalty. The Australian authorities will use a range of measures to track evasion, including tracking import information, reviewing sellers’ website and consumers’ foreign spend.
The GST reform was originally scheduled for July 2017, but resistance from the major online platforms resulted in a 1-year’s delay to 2018.
Information from https://www.vatlive.com/vat-news/australia-gst-on-e-commerce-1-july-2018/?referrer=https%3A%2F%2Fwww.google.co.uk%2F&lastReferrer=www.vatlive.com&sessionId=1530276457238