Online shoppers could be blocked from buying from their favourite overseas businesses under new plans by the Federal Government
Online shoppers could be blocked from buying from their favourite overseas businesses under new plans by the Federal Government Brett Wortman

Bad news for online shoppers purchasing from overseas

ONLINE shoppers could be blocked from overseas websites under a plan by the Federal Government to raise more GST revenue.

According to news.com.au consumer group Choice has warned that Australians may find themselves unable to access websites of some overseas stores from as early as July 2017

Treasury is considering implementing new tax regulations where overseas businesses with an annual turnover of $75,000 or more will be required under Australian law to register with the ATO to collect GST on all goods sold, including purchases under the current low-value threshold of $1000.

As a result of this plan, the Federal Government is exploring the option of blocking websites that fail to co-operate.

Read more about this story here: New laws could see overseas websites blocked



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