Friday 25 May 2012

Talks Continue on Lowering GST Threshold

You might think the discussion on lowering the $1000 GST tax threshold for goods ordered online was over but, not so, according to the Australian Retailers Association.
According to ARA, overseas retailers get an unfair advantage over Australian retailers because they do not have to charge GST for sales under $1000. The Productivity Commission examined the problem and found that it was simply too expensive to collect the tax on smaller sales. But, Australian retailers have not given up. Talks with the Government are continuing and they include examination of practices in other countries with the same problem. Watch this space.