From 1 July 2018, businesses that sell goods into Australia and meet the goods and services (GST) registration threshold of A$75,000 will need to register and pay GST on goods that are: less than A$1,000 imported into Australia not GST-free items (for example, items of food). This change also means Australian-based retailers that drop-ship goods will need to charge GST from 1 July 2018. Your clients who buy low value imported goods should not be charged GST if they: are registered for GST import the low value goods for business use in Australia provide their Australian business number (ABN) to the supplier, along with a statement declaring they are registered for GST.
On 24 May 2018, Minister for Revenue and Financial Services announcedExternal Link the commencement of a 12 month Superannuation Guarantee Amnesty (the Amnesty). The Amnesty is a one-off opportunity for employers to self-correct past super guarantee(SG) non-compliance without penalty. Subject to the passage of legislation, the Amnesty will be available from 24 May 2018 to 23 May 2019. Employers who voluntarily disclose previously undeclared SG shortfalls during the Amnesty and before the commencement of an audit of their SG will: not be liable for the administration component and penalties that may otherwise apply to late SG payments, and be able to claim a deduction for catch-up payments ma