The Australian Taxation Office has reminded international businesses of their GST obligations for Black Friday and Cyber Monday sales. Businesses selling services, digital products, or low value goods to Australia may need to register and pay GST if their turnover is A$75,000 or more in a 12-month period. It is important to understand GST, which is similar to VAT or Sales Tax in other countries, and charge it accordingly. The responsibility of collecting and paying GST depends on what is being sold and how it is sold. International businesses should register, charge, report, and pay GST when doing business in Australia. More information can be found on the Non-resident businesses and GST website.
Source Orbitax
Join the Linkedin Group on VAT/GST and E-Commerce HERE
