Tourist Refund Scheme
Are you a tourist in Australia looking to buy a piece of diamond jewellery, and you heard the term TRS or Tourist Refund Scheme and needed clarification about what it is? Let us simplify what it means to buy from an Australian retailer and how you can save some tax while buying in Australia as a tourist.
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HOW DO I CLAIM MY GST REFUND?
You can claim a refund within 60 Days of your purchase. You MUST produce the original invoice and the purchased item at the airport TRS desk. The item will be checked to verify that it matches the product listed on the invoice.
WHAT IS THE 60 DAYS RULE?
Travellers sometimes may seek clarification regarding the 60-day rule; You may wonder if it starts from the day they put down a deposit. The day they make the complete payment? Or from the day you pick up the jewellery?
Do these questions make you anxious? Don’t worry; we’ve got this sorted for you.
You are good if the invoice explicitly indicates the final balance payment date and pick-up date. Your 60 days start from the collection/pick-up date.
CAN I BRING BACK THE GOODS I CLAIMED FROM THE TRS TO AUSTRALIA?
Goods claimed through TRS CANNOT be brought back into Australia. Any items that have been processed by TRS that are brought back into Australia will be charged GST once again, and they MUST be declared upon entry. TRS claims only apply for goods leaving and staying out of the country.
WHO CANNOT CLAIM THE TRS?
Travellers sometimes may seek clarification regarding the 60-day rule; You may wonder if it starts from the day they put down a deposit. The day they make the complete payment? Or from the day you pick up the jewellery?
For more information please refer to this link – TRS
