Legislation Submitted to Australian Parliament to Require GST on Low Value Goods Imported by Consumers

Legislation was introduced in the Australian parliament on 16 February 2017 that will require overseas vendors, electronic distribution platforms, and goods forwarders to account for GST on sales of low value goods to consumers in Australia. As a result of the changes introduced by the legislation, an overseas supplier with turnover for GST purposes exceeding the AUD 75,000 registration threshold will be required to register and remit GST on its supplies ({News-2016-11-09/P/2- previous covera…