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Overseas suppliers 13 Nov 2019

If you deal with overseas suppliers, be sure to let them know you are GST registered before GST on low value imports comes into effect on 1 December 2019.

For business to business transactions, an overseas supplier can zero rate your purchase.

If you are charged GST in error, you have two options:

Get the GST back from the supplier.

Get the supplier to send you a tax invoice so you can claim the GST back.

Any item costing $1000 or less will be a low value import and the GST will be collected by the supplier, provided the total supplies to this country amount to $60,000 or more per annum.

There will, of course, be suppliers who are not registered for GST, particularly those whose sales to this country are less than $60,000 per year.

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