Australia just started the process of making it compulsory.
The Australian Government has today introduced legislation to the House of Representatives that will require foreign retailers and online marketplaces to register for Australian GST, and Retail NZ says it’s time NZ’s National-led Government followed suit.
“The Australian Treasurer spoke in Parliament in Canberra today noting the new requirement is part of the Australian Government’s commitment to creating a fairer tax system, supporting small businesses and establishing a level playing field for Australian businesses,” Greg Harford, Retail NZ’s General Manager for Public Affairs said today. “The Treasurer correctly said the Australian Government is leading the way in delivering a GST system that is fit for our modern world and our modern economy, and that it is only a matter of time before other jurisdictions follow suit.
“Retailers in New Zealand have long been disadvantaged by a loophole that allows low value goods to be imported into the country without the seller of those goods paying its fair share of GST and duty. With the new Australian rules coming into place on 1 July, it’s now more critical than ever that our New Zealand Government follows suit as a matter of urgency. Read more »