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Tags: ATO News

GST on low value imported goods
February 14, 2018

GST on low value imported goods

February 14, 2018

Federal Parliament has passed that will extend goods & services tax (GST) to low value imports of physical goods imported by consumers. This may affect overseas business with an Australian GST registration turnover threshold of A$75,000 or more. From 1st July 2018, overseas businesses selling goods to consumers in Australia may need to register for…

Careful: ATO surprise visits for businesses with all cash payments
February 12, 2018

Careful: ATO surprise visits for businesses with all cash payments

February 12, 2018

ATO to visit areas where their data matching suggests many businesses only accept cash payment. ATO found 60% of the businesses they visited so far need to take some correct actions and advised that they will conduct more visits in coming time. ATO suggested businesses to review if they: canaccount for any stock they have…

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