Published on 01 Oct 19
by "THE TAX SPECIALIST" JOURNAL ARTICLE
When the goods and services tax (GST) was introduced, internet commerce was in its relative infancy and therefore the exclusion for imports of low value goods was of minor consequence. However, since that time, internet sales and a debate on the merits of this exclusion have grown. This led to parliament enacting legislation that extended GST to situations where, after 1 July 2018, consumers purchase low value goods and import them into Australia. This article explains this legislation, considers alternative models that were not adopted, and evaluates its impact. The approach taken in other jurisdictions, most notably New Zealand, is briefly outlined.
Simon is a Manager – Corporate & International Tax, A&A Tax Legal Consulting.
- Current at
29 October 2019