GST On All Online Transactions from 1 July 2017

It has recently been announced to reduce the GST threshold on imported goods and services to zero effective 1 July 2017. It is currently at $1,000.

A proposal that is dependent on a vendor registration model to collect GST has been put forth.

Overseas suppliers will charge, collect and remit GST on digital and physical products, and as in the case in Australia, they will only need to do so if turnover is at least $75,000.