Collection Models for GST on Low Value Imported Goods
The Australian Government has asked the Productivity Commission to undertake a four month inquiry into models for collecting GST on low value imported goods.
The Commission will hold hearings for the purposes of the inquiry and produce a final report by 31 October 2017.
A discussion paper will be released by the end of July to inform the basis of the hearings.
Interested parties are also invited to provide written submissions on matters relevant to the inquiry by Wednesday 30 August 2017.
- Discussion paper end Jul 2017
- Public hearings 22-24 Aug 2017
- Final report 31 Oct 2017
The discussion paper will highlight the key issues in the inquiry and outline preliminary views drawing on existing research and evidence, to assist those intending to participate in the inquiry through the hearings and/or public submissions.
Submissions are due by Wednesday 30 August 2017.
More dates and information will be posted here shortly.
Public hearings provide participants with the opportunity to elaborate on their submissions, respond to submissions of others, and to discuss issues with the Commissioner.
Hearings will be held in Sydney on 22 August and Melbourne on 24 August 2017.
The final inquiry report is expected to be handed to the Australian Government by 31 October 2017.
The release of the final report by the Government is the final step in the process.
Under the Productivity Commission Act 1998, the Government is required to table the report in each House of the Parliament within 25 sitting days of receipt.
Legislation has been passed that will collect GST on low value imported goods from 1 July 2018. The legislation uses a vendor collection model ('vendor model'), whereby vendors (including suppliers and online marketplaces) will collect the GST on low value imported goods at the time of sale.
The inquiry is required to consider and make recommendations in relation to the effectiveness of the vendor model and whether other models for collecting GST on low value imported goods might be suitable.
More detailed information can be found in the terms of reference.
Pragya Giri (Administrative matters)
Ph: 02 6240 3250
Tom Nankivell (Other matters)
Ph: 02 6240 3235
Free call: 1800 020 083