Australia plan to lower GST threshold on foreign e-commerce
- 18 July 2015 | Richard Asquith
Australia is in advanced discussions to significantly lower its AUS$ 1,000 GST exemption on consumer goods bought from foreign websites. Currently, shoppers may make single transactions below the threshold exempt from Australian Goods and Services Tax.
The Australian Finance Minister confirmed this week that he was progressing discussions between the Australian states, and was hopeful of agreement shortly. Foreign sales account for approximately $4 billion of the total of $17 billion.