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1. Bad news for online shoppers – online purchases to attract 10% GST.
Bad news for online shoppers today as tax reforms mean that purchases made online will incur a 10% GST surcharge as the current $1000 GST-free threshold is abolished.
Treasurer Joe Hockey announced at a press conference yesterday that state and federal treasurers had agreed on the decision to apply the GST to online purchases.
“From the 1 July, 2017, the GST will be applied to all products and services sold by vendors into Australia. This will deliver competitive neutrality for Australian businesses, and ensure fair and equal treatment of goods and services.”
Mr Hockey also confirmed that the treasurers had “failed to come to a unanimous agreement” on the controversial “tampon tax”, meaning that sanitary products will continue to be classed as “luxury items” and incur GST.
Disappointing that’s some State Treasurers didn’t support removing GST on female hygiene products. SA Labor will keep fighting for fairness.
— Tom Koutsantonis (@TKoutsantonisMP) August 21, 2015
Top Comments
Um most of your good Italian shoes are already kangaroo leather, folks!