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Report published: Review into effectiveness of GST low value imported goods regime

On 29 March 2022, the Australian government published the Board of Taxation’s report about the effectiveness of the low value imported goods (LVIG) regime.

The LVIG regime commenced on 1 July 2018. It applies to goods priced at AUD 1,000 or less which are sold to a consumer in Australia by a supplier who meets the GST registration threshold (i.e., annual GST turnover of AU 75,000) and facilitates the importation of the goods by the consumer.

Source Deloitte

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