INTERNATIONAL TAX PLAZA - The Australian Parliament passes legislation introducing a vendor collection model to collect GST from low value imported goods

Details: Published: 21 June 2017

On June 21, 2017 the Australian Parliament adopted a bill introducing a so-called vendor collection model to collect GST from low value imported goods. The law will require overseas suppliers and online marketplaces with an Australian GST turnover of $75,000 or more to account for GST on sales of low value goods to consumers in Australia from July 1, 2018.

Click here to be forwarded to the webpage on the website of the Parliament of Australia where one can find more information regarding the Treasury Laws Amendment (GST Low Value Goods) Bill 2017 (a.o. the text of the Bill and an explanatory memoranda)

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