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Companies are being forced to evaluate their supply chains in order to eliminate embedded indirect taxes. Businesses are starting to take a whole-of-world view of their operations, trade and logistics in order to unlock efficiencies and cost-savings in their operations.
For businesses importing and exporting, the impact of trade agreements and the customs requirements in each jurisdiction can be complex – even overlapping at times. We regularly see businesses incur significant costs and penalties due to incorrect tariff classifications or the wrong application of obligations and compliance.
The global trade team at Grant Thornton helps our clients establish the right strategies to streamline the movement of their goods, ensuring time and cost efficiencies, with all compliance obligations fulfilled, and a focus on your future international plans.
Partner - Global Trade & Customs
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The Australian Trusted Trade program – or the ATT – is part of an internationally recognised network of Authorized Economic Operator programs, governed by the World Customs Organization, which operates in more than 95 countries. The program aims to reinforce the cooperation between industry and government, by strengthening supply chain security and facilitating legitimate trade.
ATT provides accredited businesses with a competitive edge, along with dedicated support from the Australian Government. It also offers a range of trade facilitation benefits to accredited Trusted Traders.
Our team supports clients through the complex ATT accreditation process. This accreditation means you gain mutual recognition with other member countries and can mean priority treatment and streamlined processing of your goods.
Partners Vince Tropiano, Richard Nutt and Director Simone Barker discuss the Australian economy and how tariffs are impacting manufacturing businesses.
After eight years of negotiations, Australia and the European Union have concluded a landmark Free Trade Agreement (FTA) in March 2026. This comprehensive FTA will substantially reduce or eliminate tariffs on goods and open new market opportunities in a high-value EU market of 450 million consumers.
As debate intensifies ahead of the Federal Budget, this insight examines why incremental tax changes are no longer sufficient for Australia. It argues for meaningful, productivity‑focused tax reform that addresses growing reliance on personal income tax, system complexity and long‑term budget sustainability, while carefully considering broader reforms such as the GST to ensure fairness and economic resilience.
The ATO has published its Public Country-by-Country (CbC) reporting implementation guide, effective for reporting periods starting on or after 1 July 2024.
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