|Standard Rate||Reduced Rate||Other Rates|
The local name for GST in Australia is Goods and Services Tax. There are basically 2 GST rates in Australia:
- Standard GST rate is 10%
- Zero GST rate
For more information about (recent) rate change developments in Australia, please click HERE.
Standard rate: 10%
The standard rate of GST applies to all supplies of goods and services unless a specific measure provides for the zero rate or an exemption.
Zero rate (0%)
Examples of goods and services taxable at 0% (i.e., GST-free)
- Basic foodstuffs
- Water, sewerage and drainage services
- Exports of goods and services performed for nonresidents of Australia who are not in Australia when the supply is made
- Health, education, religious and related supplies
- Child care
- Supplies of going concerns
- International transport and mail
The term “input-taxed supplies” refers to supplies not liable for GST (i.e., exempt) that do not give rise to a right to claim input tax credits for GST included in acquisitions related to the supply.
Examples of exempt supplies of goods and services (i.e., input-taxed)
- Financial supplies
- Rental of residential premises
- Sales (or long-term leases) of residential premises (except for new residential premises)
- Supplies of some precious metals
- Supplies in the course of fundraising events conducted by charitable institutions
- Supplies made through school “tuck shops” and cafeterias
A global VAT/GST rate overview can be found here (note this is a work in progress).
This post was last updated on July 27, 2021.