- Businesses registered outside of Australia can claim VAT refunds (referred to as Goods and Services Tax or GST) on various eligible expenses incurred in Australia, including accommodation, entertainment, travel-related costs, and general expenses, all subject to a standard GST rate of 10%.
- There are no specific deadlines for submitting GST refund applications, but businesses must meet certain thresholds: non-simplified claims require expenses of AUD 1,000 or more, while simplified claims can be made for amounts between AUD 82.50 and AUD 1,000, and super simplified claims can be for AUD 82.50 or less.
- To successfully reclaim GST, businesses must ensure compliance with Australian GST regulations, including retaining original receipts and invoices, and understanding the types of expenses that qualify for refunds, such as travel, meals, and attendance at trade shows or conferences.
Source VAT IT Reclaim
