Australian GST compliance and rates

Australian GST compliance

Once registered, companies are required to file periodic GST returns, known as Business Activity Statements (‘BAS’). The frequency of these depends on the trader’s turnover, and is determined at the time of registration.

The BAS lists all of the company's transactions relating to the supply of the relevant goods or services.

Any GST due should be paid simultaneously with the filing of the BAS return.

In the case of a tax credit (where the GST incurred by the company exceeds the GST charged on its sales in the reporting period), documentary proof related to the transactions is often requested by the tax office.

Australian GST recovery

There is no provision in Australia for VAT reclaims, along the lines of the European Union’s 8th & 13th VAT Directives.

Instead, non-resident companies must register for GST as outlined above.

Australia GST rates

Rate Type Which goods or services
10% Standard Goods and Services Tax (GST)

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