Australia — Historical Events Description

Australia flag
Australia
Event
Introduction of the Goods and Services Tax
Category
Economic
Date
2000-04-01
Country
Australia
Description

On 1 April 2000, Australia formally prepared for the introduction of the Goods and Services Tax. Businesses adjusted accounting systems nationwide. Public education campaigns explained the tax structure. The reform aimed to simplify indirect taxation. States received revenue-sharing arrangements. The change reshaped consumer pricing. GST remains a core part of taxation.