{"id":8893,"date":"2018-01-21T20:52:33","date_gmt":"2018-01-21T12:52:33","guid":{"rendered":"https:\/\/zegal.com\/?p=8893"},"modified":"2022-08-17T12:54:46","modified_gmt":"2022-08-17T04:54:46","slug":"new-australian-tax-regime-e-commerce","status":"publish","type":"post","link":"https:\/\/zegal.com\/en-hk\/blog\/post\/new-australian-tax-regime-e-commerce\/","title":{"rendered":"New Australian Tax Regime is Affecting E-Commerce Platforms all around the World"},"content":{"rendered":"

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In 2017, the Australian government passed new legislation on goods and services tax (GST) in order to level the playing field between Australian goods and imported products. The legal reforms aim to ensure that both Australian goods and foreign low-value products are subject to the same tax regime.<\/span><\/p>\n

<\/span>There are two main kinds of taxes: <\/span><\/span><\/h2>\n
    \n
  1. GST on low-value imported goods<\/b>: This applies to imported goods worth less than AUD 1,000, whether they are sold by Australian retailers or overseas retailers; <\/span><\/li>\n
  2. GST on digital products and services<\/b>: This applies to digital goods and services (e.g. music bought online or digital streaming services). <\/span><\/li>\n<\/ol>\n

    <\/span>GST on low-value imported goods<\/span><\/h3>\n

    What has changed?<\/h4>\n

    As of 1 July 2017, GST on low-value goods applies to products sold by Australian retailers.  <\/span><\/p>\n

    At present, goods imported from abroad that are priced below AUD 1,000 are exempt from GST. However, from 1 July 2018 onwards, Australian residents will have to pay an extra 10% on most types of products, regardless of their value. <\/span><\/p>\n

    The Treasury Laws Amendment (GST Low Value Goods) Act 2017 makes the following reforms: <\/span><\/p>\n