Iain Blakeley

Barrister - Tax Expert - Business Adviser - Director, Professional, Practical, Fast, Affordable

thresholds

Australia considers $20 import threshold

It looks like Australia will reduce its $1,000 low value import threshold to $20. http://www.smh.com.au/federal-politics/political-news/gst-on-lowvalue-imported-parcels-moving-closer-20150721-gihfgy.html This issue has been around for ages. The main objection to a...

Time to make GST compliance easier?

The Australian Labor Party has announced that from 1 July 2014 businesses with turnover of less than $20m will be able to lodge their GST activity statements annually http://www.alp.org.au/cutting_red_tape_reducing_the_burden_of_the_gst. That's ten times the current...