- GST Overview and Registration: Australia’s Goods and Services Tax (GST), introduced in 2000, is a 10% consumption tax applicable to most goods and services, requiring businesses with annual sales of AUD 75,000 or more to register, including non-resident businesses with sales connected to Australia.
- Filing and Payment Obligations: Businesses must file GST returns either quarterly or monthly, with deadlines set for the 28th or 21st day after the end of the respective period for filings and payments; compliance is overseen by the Australian Taxation Office (ATO).
- Digital Services and Invoicing: GST applies to cross-border digital services at the standard rate, with a reverse charge mechanism for B2B sales; while e-invoicing is encouraged, invoices must contain specific details such as the business name, ABN, GST amount, and description of goods/services provided.
Source VAT IT Compliance
Click on the logo to visit the website
Latest Posts in "Australia"
- Australia-UAE Free Trade Agreement Comes Into Effect
- Australia Establishes E-Invoicing as Default in Federal Procurement
- Australia Proposes GST Updates for Copyright and Digital Media to Modernize Tax Frameworks
- ATO Proposes New GST Rules for Copyright and Multimedia Transactions in Australia
- Australia Sets 2026 Deadline for Mandatory E-Invoicing with Government Agencies
