MWL FINANCIAL GROUP
SECTION – TRADIES
SUBJECT – Overseas Transactions - Sales
Hi I'm Barbara Keating, Accountant and small business specialist at MWL Financial Group.
Are you an exporter? Do you have overseas clients?
GST is charged at 10% for goods and services consumed in Australia, goods and services supplied outside of Australia can potentially be GST Free. The sale of goods outside of Australia can be GST free provided that the goods are exported outside of Australia within 60 days of either you receiving any payment for the goods, or you issue an invoice for the goods.
When it comes to sale of services, your client must be outside of Australia and your service is to be used outside of Australia.
As you can gather this area of the law can be quite complex, however significant savings can be made if the conditions are right.
For more information contact us at firstname.lastname@example.org and either me Barbara Keating or one of our experts will be more than happy to help.