Overseas shopping in Australia will be taxed 10% from July 1 next year (online photo)
According to the South China Morning Post, Australia will levy a 10 percent tax on overseas online goods worth less than A $1000 on July 1 next year, and China`s e-commerce platform may be the biggest hit.
According to Australia`s current policy, goods and services tax is exempt from overseas online purchases below 1000 Australian dollars (US $760,600). (GST). But starting in January 2018, Australians will have to pay an additional 10% tax on goods and services for most overseas online purchases, regardless of their value.
At a roadshow in Shenzhen, China, Australian tax official Rove (Kate Roff) explained that the new deal aims to create a level playing field for local Australian businesses, which have been hit hard by cheap imports that do not have to pay tariffs. In the first three years of the new deal, the Australian government is expected to generate an additional A $300 million in revenue.
China will be one of the countries hardest hit by the New deal, with more than 500 e-commerce platforms and traders and freight carriers expected to be affected, according to official Australian government data. Singapore, Japan and Malaysia followed.
Zhu Renxin, boss of a trading company in Foshan, Guangdong province, said the companies sold their packages through international e-commerce platforms such as Amazon (Amazon) and eBay (eBay), combining other costs, said Zhu Renxin, boss of a trading company in Foshan, Guangdong province. Australia`s overseas shopping tax new deal may prompt it to raise prices by 10%. Zhu Renxin revealed that he has hired a professional tax consultant to assist in the study of local tax regulations in Australia, and that the final cost will be paid by Australian consumers.
The new deal also requires e-commerce platforms and businesses with annual turnover of more than A $75,000 to register with Australian tax authorities and charge a 10 percent tax on goods and services.
Australian Freight Company International Freight forwarding Co., Ltd. (Transtar International Freight) is mainly engaged in China-Australia cargo services. The company speculated that the cost of overseas shopping for Australian residents would rise sharply from July 1 next year, and that international freight would also launch a duty service on behalf of the company at that time.
On the Australian side, (Zhao Xiaoyan, Zhao, a Chinese who has lived in Melbourne for six years, said he would still shop on Taobao and send it to Australia, but found it expensive to send it. If you have to charge additional taxes and charges, she may not continue to buy online.
