* click here if you have interesting news to share *

Deferring GST available for Australian importers

With the COVID-19 pandemic causing chaotic economic conditions, Australian importers have been encouraged to consider the ATO’s GST deferral scheme.

The Australian Taxation Office (ATO) offers a scheme for domestic importers whereby instead of paying GST on taxable imports upfront, you can defer payment until the first activity statement is lodged after the goods are imported.