You are no doubt aware that in just a couple of days (1 July 2018) the new Australian low value goods import laws are coming into force.
Who is Affected?
Any business that meets the AUD $75,000 registration threshold and sells low value goods (under $1000) into Australia to consumers will be affected.Read More »
From 1 July 2018 Australian goods and services tax (GST) will apply to sales of low value goods sold to consumers in Australia. Businesses that meet the A$75,000 registration threshold will need to register for GST, charge GST on relevant sales and remit the GST to us by lodging returns.Read More »
The Australian Diverted Profits Tax (DPT) has now been legislated. It is the most expansive cross-border tax change in Australia for many generations. The new tax is broadly written and there are very limited exemptions.
It was originally announced that the DPT would be based on the second limb of the UK DPT. However, the final Australian DPT now diverges significantly from the UK DPT. Read More »
The Australian Border Force is implementing the Australian Trusted Trader program aimed at streamlining international trade and improving supply chain security. Refer to the internal and client flyers which outline the benefits and opportunities for affected clients receiving Trusted Trader accreditation which may include the ability to defer payment Read More »
In a speech by the Treasurer at the COSBOA National Small Business Summit on Friday (17 July 2015), it was suggested that there may be changes to the GST low-value import threshold. Specifically he stated that “Our application of GST to imported digital products is potentially going to go further following discussions with the State Treasurers in mid-August. Read More »
The Australian tax authority released a number of draft tax determinations and a guidance paper, in which it states that bitcoin and other cryptocurrencies are not money or foreign currency for taxation purposes. It is the view of the Australian Taxation Office that: Read More »
Do you sell services to consumers? Are they electronically supplied? Are your customers in the EU? Are you ready for the B2C 2015 VAT changes?
There are significant changes on the horizon for the VAT paid on electronically supplied services. Any business headquartered in any country selling broadcasting, telecommunications and electronically supplied services to EU retail customers will be affected by these changes. This includes businesses in the US, China and Australia.
The new legislation is effective from 1 January 2015. It will have the effect of changing the place of supply, and the country of taxation, of business to consumer (B2C) telecoms, broadcasting and ‘electronically supplied services’ from the country in which the supplier is established to the country in which the consumer is resident. One effect of this is that, rather than applying a single VAT rate in its country of establishment, affected businesses may be required to apply the local VAT rate in 27 different member states.
You’ll need to recognise that 2015 isn’t that far away. Planning ahead will be vital if your business is going to deal with the issues raised by these VAT changes. So, what are the main questions you should be asking?
We’re running a webcast on 19 September 2013, that looks at these questions in detail. You can join our panel of indirect tax specialists who’ll discuss the issues you’ll be facing in the lead up to the 2015 changes. You’ll also have the opportunity to ask the panel questions over our live feed to the studio.
We’ll be live from 11am (GMT) 19 September 2013.
The webcast will last approximately 30 minutes and you’ll have the opportunity to put your questions to our specialists during the webcast.
Speakers: Martin Blanche, PwC UK, Sophie Claessens, PwC Belgium, Joanna Denton, PwC Luxembourg, and Tom Corbett, PwC Ireland
To view the webcast, please click on the link below from 10.55:
Link to the webcast
There’s no charge to attend this webcast. No continuing professional education (CPE) credit is provided for this webcast. For more information about this webcast please contact Christine O’Malley christine.omalley@uk.pwc.com.
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Michaela Merz 