GST for overseas businesses
Overseas business clients may no longer be subject to GST from 1 October 2016.
Overseas businesses supplying Australian businesses don’t need to register for GST if they:
- only make GST-free supplies through an enterprise carried on outside Australia
- have a business presence in Australia of less than 184 days in a 12-month period
- have a GST turnover below the GST registration threshold of A$75,000 (because certain supplies will no longer be included in the GST turnover).
GST-registered importers no longer need to identify the exact amount paid for international transport, insurance and other costs to calculate the value of the taxable importation for GST purposes.