On 29 March 2022, the Australian government published the Board of Taxation’s report about the effectiveness of the low value imported goods (LVIG) regime.
The LVIG regime commenced on 1 July 2018. It applies to goods priced at AUD 1,000 or less which are sold to a consumer in Australia by a supplier who meets the GST registration threshold (i.e., annual GST turnover of AU 75,000) and facilitates the importation of the goods by the consumer.
Source Deloitte
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