Australia Issues Notice on Deferring GST for Importers During COVID-19

The Australian Taxation Office (ATO) has issued a notice on the deferred GST scheme, which may assist importers during the COVID-19 period.

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Deferring GST for importers

If you're importing goods into Australia, using the deferred GST scheme may assist your business during the COVID-19 period.

Deferring GST payments on taxable imports

If you are an importer, you may apply to use the deferred GST scheme, which defers the GST payable on imports until the first activity statement lodged…