(Topic ID: 219477)

Reminder for Australian parts buyers using overseas retailers

By pinsanity

5 years ago


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  • 29 posts
  • 13 Pinsiders participating
  • Latest reply 5 years ago by pinsanity
  • Topic is favorited by 1 Pinsider

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    #2 5 years ago

    what is the new limit or is it on everything (which that will be crap if the case)

    #4 5 years ago

    well that is crap (I must of been sleeping under a rock) and will change things and make expensive things even more expensive and looks like that will kill my mods (snackbar mods)

    #12 5 years ago

    from the link @cook71

    "12 June 2018

    From 1 July 2018 overseas businesses that meet the GST registration threshold of A$75,000 will need to charge GST on goods that are:

    less than A$1,000 (low value)
    imported into Australia
    not GST-free (such as most basic food, alcohol, tobacco, or tobacco products).

    How will this affect you?

    You will be charged GST on low value goods that you import if you are:

    not registered for GST, or
    are GST registered but importing goods for personal use.

    You should not be charged GST if you:

    are registered for GST
    import the low value goods for business use in Australia, and
    provide your ABN to the supplier and a statement that you are registered for GST.

    If you're charged GST incorrectly you should contact the supplier to let them know that you're registered for GST, and request a refund.

    Note that not all receipts that have GST applied will be tax invoices. They will need to contain an ABN to be considered a tax invoice. Overseas suppliers may be registered in the simplified GST system and have an ARN instead of an ABN."





    I am still puzzled over this, and maybe I just don't want to get it but:
    - there must hundreds of thousands of packages coming from ebayers, businesses etc from overseas into Aus - so the ATO want everyone of the sellers to detail their sales to Australia - could they be bothered going through the process as well as charge us GST?
    - who gets the GST if an overseas company charges GST?

    Just sounds like it is either going to be a giant pain in the arse for the ATO or overseas companies will refuse to sell to Aussies....

    Maybe I am not understanding but what if I want to buy $200 of pinball parts from say Pinball Life.
    - Does PBL have to register with ATO that they do or don't sell over or under $75K worth of parts to Aus a year
    - If over do they have to register documentation with ATO and then charge us 10% GST
    - If not does any postal authority charge when it comes to the country based on the value on the box or a invoice.
    - or is this only for businesses that import goods ????

    #13 5 years ago

    found this from a Sydney paper back in April

    "The catch? “The new online tax will only be collected from self-declaring overseas retailers with turnovers of more than $75,000 and the Australian Tax Office has no power to punish those beyond the ATO’s jurisdiction,” reports The Sydney Morning Herald. “The tax is designed with the near impossibility of its collection in mind,” RMIT economist Christopher Berg told the newspaper. He added that the most the ATO could do to non-compliant businesses was to slow down the processing of packages at the Australian border.

    It remains to be seen which overseas retailers charge, collect and remit the new tariff but we’re predicting that most of the bigger businesses will comply, given their success in the Australian market. If this means no longer shopping tax-free, let’s then hope our local retailers benefit in the process."



    so sounds like it is up to the overseas retailers to register or not, and if not the packages are on purpose held up in customs / border entry.

    #22 5 years ago

    found this article and questions and answers at the end detail more info:

    https://www.penguinaccounts.com.au/gst-low-value-imports-2018/

    eg

    Jonathan says

    June 7, 2018 at 1:05 am

    I have not been able to find an answer to this question anywhere: What happens if an Australian consumer purchases less than $1,000 of goods (where GST applies), but the overseas company selling them does not have a turnover in Australia equalling or exceeding $75,000 AUD? It would seem that in such circumstances such goods won’t be subject to GST simply because there won’t be any mechanism to collect it. And if that is the case, I hope consumers buying these goods are not penalised in any way, since it is not their fault. I know the companies I buy from overseas wouldn’t have a hope of meeting the $75,000 threshold, but then again I cannot buy the particular goods they sell from large scale suppliers anyway as they are small, specialist suppliers of “niche-market” products.
    Reply

    Penguin Management says

    June 10, 2018 at 8:38 am

    Thanks for your question, Jonathan. We’ve been getting a lot of similar enquiries lately and have updated the article with some more information for businesses with less than AUD$75,000 turnover. In short, if the overseas company you are purchasing from is not registered for GST with the Australian Taxation Office, then the recipient or consumer (you) of the goods will be contacted at the border to pay the 10% GST. Hope this clarifies it for you. The Penguin Team

    #24 5 years ago

    yeah read that but read like it was in a coded language.

    based on what the accounts wrote, sounds like customs are going to be super busy.....

    still wonder what happens if say RD sends a mate a package to Aus, if customs lets it through or wants a value and charge us......

    OR

    the mum and dad ebay sellers that sell their trash which might be our treasure and if customs stops packages and wants a value to charge GST and a fee - what happens in NZ for you in this situation rotordave

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