10 July 2019
If you're an Australian importer, you might be eligible to join the deferred GST scheme. Deferring GST can be a helpful way of managing your cash flow.
Instead of paying GST on your taxable imports upfront, you can defer payment until the first activity statement lodged after the goods are imported.
We've recently streamlined the application process, providing more information on eligibility which saves you time when filling in the form. If you are eligible, you can continue to apply using the same form.
This improved experience helps us tell you sooner if your application has been approved.
Remember, registered tax agents can help you with your tax.
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There are two methods of accounting for GST.
GST is a 10% tax paid on most goods and services in Australia.
Know the GST requirements to help you get your activity statement right.