On 4 September the ATO finalised TR 2026/2, its view on when cross-border software payments are royalties subject to withholding tax. Importers of physical goods should also look again at their customs values.
Related Parties and Transfer Pricing
Probably one of the most common reasons that Transaction Value is rejected in an import transaction is where the importer and exporter are related to each other and this has an impact on the price.
Structured Ordering
Split consignments, structured ordering and related undervaluation – particularly in Cargo Report SACs – are matters that ABF’s Compliance Audit teams regularly monitor.
Cutting red tape for excisable goods and EEGs
On 22 Dec 2020 , Assistant Minister to the Prime Minister and Cabinet, Ben Morton announced new priority tasks for the Deregulation Taskforce, one of which was a review of Australia’s excise and excise-equivalent goods (EEGs) customs duty…
Temporary Imports
Importers may bring goods into Australia for a period generally not exceeding twelve months without the payment of duties and taxes, either by lodging a security or undertaking with ABF at the time of import under s162, or by using a…
A guide to importing Undenatured Ethyl Alcohol of an ABV of 80% or greater for use in manufacturing hand sanitiser in Australia during COVID
Imported undenatured ethyl alcohol that is imported with an alcohol by volume (ABV) content of 80% or greater, and that is for use in manufacturing hand sanitiser in Australia, is subject to customs duty, when imported , of 5% plus $86.90…
Why do companies insist on buying DDP?
As a Customs broker I am frequently told by new or prospective clients that they prefer to buy DDP (Delivered Duty Paid – why are you reading this definition?).
Declaring Overseas Freight & Insurance - the impact of DIBP Notice 2016/33
New DIBP notice 2016/33 addresses the declaration of overseas freight and insurance for the purposes of calculating Customs Value.
DIBP NOTICE 2016/24: PROCESSING REFUND APPLICATIONS
This matter has been in discussion since at least February 2015 but is still unresolved. The submission I wrote for CBFCA at that time was acknowledged by the regulator as correct.
Related Parties and Transfer Pricing
Probably one of the most common reasons that Transaction Value is rejected in an import transaction is where the importer and exporter are related to each other and this relationship has an impact on the price.