If Foot and Mouth Disease (FMD) reaches Australia, the economic losses would be devastating. Biosecurity has never been more critical, from the borders to the farm gates. ...
If Foot and Mouth Disease (FMD) reaches Australia, the economic losses would be devastating. Biosecurity has never been more critical, from the borders to the farm gates.
GST-registered importers can apply to defer payment of GST on their taxable importations from the time of importation until the 21st day of the following month. The GST liability can then be offset with any available input tax credits for the month.
The description of imported goods in a tariff concession order (TCO) application is more important than ever following the recent Full Federal Court decision in Alstom Transport Australia Pty Ltd v Comptroller-General of Customs.
Importers risk misclassifying goods if they only use the text and context of the Customs Tariff Act 1995 (Cth).
The Australian Government has introduced new rules for importing tobacco, which start on 1 July 2019. The new rules were part of the ‘Black Economy Package’ for combatting illicit tobacco, but will apply much more broadly.
GST is payable on taxable supplies and taxable importations. In some cases, one transaction can constitute both a taxable supply and a taxable importation.
The High Court has found an employee of a bonded warehouse operator personally liable for the equivalent of the customs duty that would have been paid on stolen cigarettes. The decision illustrates that liability in respect of dutiable goods is not limited to the warehouse licence holder and may extend
The Department of Immigration and Border Protection has issued a notice warning when it will collect customs duty from entities other than importers.
Carefully describing the imported goods is critical to a tariff concession order (TCO) application. The description needs to distinguish the imported goods from ‘substitutable goods’ currently produced in Australia and capable of being produced in Australia.
Tariff concession orders (TCOs) allow goods to be imported without customs duty where there are no local manufacturers producing substitutable goods.
The recent AAT decision in Sawtell makes it clear that the Customs Tariff Act 1995 (Cth) (Tariff) must be interpreted according to the rules of statutory interpretation as well as the rules of interpretation in Schedule 2 of the Tariff.
Cooper Grace Ward tax partner Fletch Heinemann has been selected as a finalist for the inaugural Lawyers Weekly Partner of the Year Awards in the category of Taxation.
Cooper Grace Ward acknowledges and pays respect to the past, present and future Traditional Custodians and Elders of this nation and the continuation of cultural, spiritual and educational practices of Aboriginal and Torres Strait Islander peoples.
Fast, accurate and flexible entities including companies, self-managed superannuation funds and trusts.