Australian retailers call for tax on online shopping

Published 27 November 2013, 10:38 AEST

The Australian Broadcasting Corporation reported that the Australian Federal Government’s Minister of the Treasury Hawke is scheduled to meet with state finance ministers this week. One of the topics they are expected to discuss is the levy of goods and services tax on goods purchased from overseas websites.

Spending online_20131107 Australian retailers call for a tax on online shopping (Credit: ABC)

According to the report, Australian retailers have been demanding tax on goods purchased from overseas shopping sites worth not more than A$XNUMX for many years. They said the lack of this tax has seriously harmed their business.

The Australian Retail Industry Association said that this new tax could increase employment opportunities and could increase the federal government’s net income by one billion Australian dollars each year.

The association asked the Ministry of Treasury to consider how to impose a XNUMX% goods and services tax on imported goods worth less than A$XNUMX. According to Australia's current tax laws, goods under one thousand Australian dollars can be imported duty-free.

The Australian Broadcasting Corporation reported that the Ministry of the Treasury will report to the Minister of the Treasury on possible tax collection methods.