In November 2016 the Australian Government announced its intention to impose goods and services tax (GST) on supplies made by offshore suppliers of ‘low value goods’ to Australian consumers. The government has now introduced a Bill into Parliament to enact these changes. The changes are due to commence on 1 July 2017.
Baker Tilly International’s Australian member firm, Pitcher Partners, has published an overview of this Bill in their Tax Update Bulletin which can be found on their website.
Please contact your local Pitcher Partners representative if you wish to discuss any aspect of the proposed changes.