Tax Facts
GST Thresholds
| Item |
* Threshold |
|---|---|
Requirement to issue a tax invoice |
$75 |
No requirement to withhold if supplier does not quote ABN |
$75 |
Turnover for compulsory registration for GST |
$75,000 |
Turnover for compulsory registration for GST (non-profit entity) |
$150,000 |
Annual turnover for compulsory use of non-cash accounting |
$2,000,000 |
Annual turnover for compulsory monthly electronic BAS lodgement |
$20,000,000 |
* all amounts are GST exclusive
