Importing from China, Vietnam or India to Australia? Most likely, you’ll need to pay a Goods and Services Tax (GST) of 10% on top of the taxable importation value.
In this article, I explain what every Australian importer must know about GST, including:
- GST rates on imported goods
- GST calculation examples
- How to (legally) reduce the payable GST
- How to correctly declare GST
- GST credits when importing goods
- GST exemptions and thresholds on imported goods
- GST for private importers
- GST registration for overseas companies
What is the GST rate when importing from China, Vietnam or other countries in Asia?
The GST rate for imported goods in Australia is 10%. Unlike for import duties (which may differ depending on the manufacturing country), the GST rate is the same regardless of the country of origin.
As such, you’ll pay a 10% GST on top of the customs value (CVAL) regardless of whether the products are manufactured in or imported from China, Vietnam, India or another country. Continue reading Australia GST When Importing From Asia: A Complete Guide
