News in brief… 5 July 2021

Review announced into application of GST on low value imported goods.

Review announced into application of GST on low value imported goods Assistant Treasurer Michael Sukkar says the Board of Taxation will review the collection of Goods and Services Tax (GST) on low value imported goods. According to Mr Sukkar, the Federal Government has requested the Board consider: the effectiveness of the Low Value Imported Goods regime to efficiently collect GST; and any relevant international developments and experiences regarding the collection of GST and other cons...

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Published Date: 05 July 2021