Tax Law Update (Australian's Read)

Reminder to all the Aussies here and anyone that posts anything to Australia the new GST law comes into effect July 1st. You will be charged 10% GST on anything you import even if it’s less than $1000 which really sucks for us. You can’t declare at under $1000 and cheese the tax laws anymore.

Sellers take note as a lot of Australians probably will be unaware of the updated law for a while and complain about getting taxed when they buy things. Aussie buyers get anything remotely expensive that you want to buy before July 1st to avoid getting taxed.

www.ato.gov.au/General/New-legislation/In-detail/Indirect-taxes/GST/GST-on-low-value-imported-goods/

Hopefully this doesn’t end up getting implemented but as far as I’ve seen the plan is still to go ahead this year (Please correct me if I’m wrong … I really hope I am). Honestly, it’s totally ridiculous if it goe ahead.

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Oh no, I thought there was a loophole for individuals until I read this ‘However, if you aren’t registered, or your purchases of low value imported goods are not for a business purpose, you’ll pay GST and won’t be able to claim it back.’

www.ato.gov.au/Business/Large-business/In-detail/Business-bulletins/Articles/GST-on-low-value-imported-goods-delayed-until-1-July-2018/

It’s already bad enough for us with AUD - USD exchange rates, time to buy before it comes :stuck_out_tongue:

Oh wow I didn’t realise this was going through. It’s gonna suck but I guess if you’re importing something valued at ‘$50’ that’s only $5 tax haha. For large purchases it shouldn’t matter unless the seller is shipping GSP or won’t under declare.

It will add up a lot though buying things for a few hundred dollars or less as it’s not worth the time asking every seller to declare low value.

lol rip trophy cards worth 10k. Wtf is that crap

What a shame.

It sucks for you guys, but it makes sense from any government’s point of view. They lose local sales and they don’t earn any taxes as well. I know in this case you usually buy international because the cards or sealed product aren’t available local though.

@festa Your $10k card will cost you $11k, it’s not the end of the world if you want it badly. Here in Canada, I’m charged upwards of 15%… :slightly_frowning_face: For our Europe members it can be 18% or more.

I’m surprised Tr ump hasn’t implemented something like that in the U.S. with his ultra protectionist ‘buy american only’ shenanigans.

May as well just book a holiday to the US and back at this rate.

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How does this work for sites which aren’t ebay like TnT, TCGPlayer, etc? Does paypal charge me extra at checkout?

This is ludicrous! How are they going to police this on a household consumer level? I cant see anything about my family having to pay 10%GST to pick up a christmas parcel…correct me if im wrong but reading around they want overseas business’ to charge an extra 10% if the sale comes from an Australian address then the supplier is obligated to send the accumulation of this to the ATO? C’mon now…what drug are these politicians on!

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free money for the government :blush: The UK buying isnt great either they tax you for fun then tax the fun tax for a laugh.
I fricking love the world and everybody in it :blush:

#ww3Pl0x

Guess its time to break the bank and finish my sets… Buying thread inbound :stuck_out_tongue:

It’s about time other countries feel the wrath of postage customs (lol)
In all seriousness if it is like Canada, then internal parcels won’t be taxed. Assuming that’s why it says import in the OP.
Only ones coming from outside Australia will be.

I’m not sure how it’s going to be implemented yet, from what I understand the government wants eBay, Amazon etc to collect GST and pay it to them. I believe they’ve said no they won’t though and it’s not their job to do that and tried pushing the GST collection onto AusPost, who in turn said their parcel service wouldn’t be profitable if that happened. I expect we’ll get more information as it gets closer to the date but afaik there isn’t even a proper implemntation plan in place that’s been agreed on.

It seems kind of crazy if they implement the tax at the customs level where things over $1k are currently pulled for tax. I don’t think they’re in a position infrastructure wise to tax and process every parcel that comes into the country. Most of the customs releases have a $80 or so customs agent fee as well so that’d be insane if it’s 10% + an agent fee.

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It will be like Canada, 150m in taxes spent to claim 40m back in duty

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This was implemented and lobbied by the likes of Harvey Norman and other archaic stores here in Australia to combat the cheaper and competitive international companies ‘stealing’ profits from ‘Australian’ companies.

We will pay (still not sure how) for everything we buy overseas just so these people can squeeze more profit for themselves. In their mind why innovate when you can buy votes and put stupid legislation through that impacts everything everyone buys solely for these few companies.

It’s funny because it was put forward as a saving grace for small businesses who face challenges from international products/competitors. Funny since I don’t think I have ever seen a product that was made in Australia in one of Harvey Norman’s stores

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The amount of salt that Gerry Harvey sprays about Amazon coming to Australia is massive, he’s just upset that he won’t be able to rip people off as easily when there’s more competition.

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Lol. Canada must have a liberal government system then cause only those goofballs could mismanage citizen taxes so poorly.

@pierce every item that Customs pulls has an agent fee, because you cannot directly deal with customs.

That means an item that’s worth $1,050 AUD will often cost you $180-230 in duties to clear customs. It’s criminal, because these agents can charge whatever they like.

I’m really concerned as to how this will be implemented. Are we going to be taxed on PSA returns? Because c’mon, that’s a good we already paid for!!