New tax for foreign retailers supplying goods to Australian customers
10 Mar 17 |
CCH TAX WEEK
Issue: Issue 7, 24 Feb 2017
Pages: pp 1-3
Legislation was introduced into parliament on 16 February 2017 which, if passed, will see many offshore retailers now liable for GST in Australia. Under the proposed measures, contained in Treasury Laws Amendment (GST Low Value Goods) Bill 2017, GST will be levied against foreign suppliers who sell low value goods (being goods with a customs value of AUD$1,000 or less) into Australia. The measures are intended to provide competitive neutrality for domestic retailers who have historically been at a disadvantage against foreign retailers selling equivalent goods online to Australian customers exclusive of GST.
This article gives a summary of the proposed measures.
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Will is a Partner at Piper
Alderman who specialises in income
tax, GST and stamp duties. Will leads
the Adelaide tax practice but also
collaborates nationally with colleagues
in his firm’s Melbourne, Sydney
and Brisbane offices. Will has had
significant experience with the taxation
of emerging technologies including
working on a number of “initial coin
offerings”. Will has a Master of Tax from
- Current at
06 November 2019