Australian Treasurers Agree to Expand the Scope of GST to Cover All Online Sales from Foreign Suppliers

During a meeting of Australian state and territory treasurers on 21 August 2015, it was agreed that from 1 July 2017, the scope of goods and services tax (GST) would be expanded to include all online sales to Australian residents by foreign suppliers, and that the AUD 1,000 low-value exemption threshold will no longer apply. In addition, all foreign suppliers with annual sales to Australia exceeding AUD 75,000 will be required to register for GST and collect and remit the amount due on online…