GST on intangible imports
During the 2015-16 Federal Budget the Government confirmed the release of Exposure Draft bill that proposes to apply GST to a broad range of intangibles supplied from outside Australia.
Broadly, these measures will seek to impose GST on intangible supplies made to Australian ‘private’ consumers by offshore businesses. In many cases, such transactions do not currently attract GST.
Explore the complete Federal Budget 2015-16 website to read more.