SYDNEY-Wednesday 27 June 2018 [ AETOS Wire ]
(BUSINESS WIRE) -- From 1 July 2018, online retailers must start collecting Goods and Services Tax (GST) on goods sold to consumers in Australia valued at A$1,000 or less. This applies to international retailers if they have a GST turnover of A$75,000 or more in a 12-month period.
A simplified system is available for businesses to register, lodge and pay Australian GST. Retailers using this system will only need to report Total Taxable Sales and GST, and pay once each quarter.
The Australian Taxation Office (ATO) will continue to offer full support to help retailers that are taking reasonable steps to comply. ATO Assistant Commissioner Kate Roff said this includes helping retailers navigate the collection and remittance process.
“Any businesses that are having difficulty meeting their obligations should contact the ATO as soon as possible,” Ms. Roff said. “Businesses that do the right thin
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