Sunday 23 August 2015

GST On Online Purchases.

Federal and State Governments have finally agreed that GST will apply on overseas purchases under $1000 from 1st July 2017. Previously sales in this category were exempt from GST which caused concern amongst Australian retailers fearing they were being disadvantaged.

It has yet to be decided exactly how the tax will be collected with consumer advocacy groups warning that a tax may be applied on parcel pickup.