Tax & Income
GST (Goods and Services Tax)
A flat 10% tax on most goods and services, and the $75,000 turnover threshold that requires a business to register.
What it is
GST is a broad-based 10% tax added to most goods and services sold or consumed in Australia, unchanged since it was introduced on 1 July 2000. Registered businesses collect GST on sales and can claim credits for GST paid on business purchases, remitting the net amount to the ATO.
Who it applies to
Consumers pay GST as part of the price of most purchases. Businesses and other enterprises must register once their turnover reaches the registration threshold; not-for-profits have a higher threshold.
Key figures
- GST rate
- 10% (unchanged since 1 July 2000)
- Registration threshold (business)
- $75,000 annual turnover
- Registration threshold (not-for-profit)
- $150,000 annual turnover
- GST component of an inclusive price
- 1/11th of the total
Important limitations
Does not cover GST-free supplies (basic food, medical, education), input-taxed supplies (financial services, residential rent), or GST on imported low-value goods and digital services.
Official sources
- Australian Taxation Office (ATO) - GST
- Australian Taxation Office (ATO) - Registering for GST
Educational information only, not financial advice.
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