Last updated: 8 May 2012

Taxation

A gross receipts tax of four per cent, of the FOB price (Incoterms 1990), is levied on the final sale of almost all goods, not just imports. Imports not intended for re-sale are subject to a four per cent use tax levied upon entry. Excise tax is levied on spirituous beverages, tobacco products and diesel fuels.

Top Business Risks

• Bribery of Foreign Officials
• Tariffs and regulations
• Doing business in Guam

OECD Guidelines for Multinational Enterprises

Multinational Enterprises should be aware of the OECD Guidelines for Multinational Enterprises that provide voluntary principles and standards for responsible business behaviour in a variety of areas, consistent with applicable domestic laws. These Guidelines are endorsed and promoted by the Australian Government. For more information, go to the AusNCP website.