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GST on low value imported goods: Is the regime working?
As discussed by Kavita Panjratan, Leonie Ferretter and Alicia Lennon, the review will hopefully result in streamlining of some complexities around the regime.
The Board of Taxation will undertake a review to assess the effectiveness of the Low Value Imported Goods (LVIG) regime. The LVIG regime facilitates the application of GST on LVIGs i.e. importations that have a customs value of $1,000 or less. At its implementation in 1 July 2018, it was anticipated that the regime would be reviewed after two years to ensure it was operating as intended and to consider any international developments. This review is therefore one that was ...
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Authors: Kavita Panjratan, Leonie Ferretter,
Published Date: 06 July 2021
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