RETAILERS CONGRATULATE THE PARLIAMENT FOR IMPLEMENTING TAX EQUALITY
Monday 19 June, 2017: The Australian Retailers Association (ARA) congratulate the Parliament for passing the low-value GST for offshore tangible goods under $1000 as this legislation will improve tax fairness for Australian retailers.
Russell Zimmerman, Executive Director of the ARA said they have been working with the Federal and State Governments since 2008 to reduce the Low Value Threshold (LVT) and provide a level playing field for Australian retailers.
“Today the Australian retail industry received a big win, as this much-needed GST will significantly assist our local retailers when trading against our international counterparts,” Mr Zimmerman said.
“This new legislation will create a fairer tax system for Australian retailers who are currently operating in a tough trading environment.”
The ARA congratulate the Parliament for passing this Bill but are extremely disappointed that the legislation won’t be implemented until 1 July 2018.
“We are disappointed there will be a 12 month delay before overseas retailers start collecting this tax, but we look forward to Australian retailers finally being given a fair chance,” Mr Zimmerman said.
“This legislation will mean our local retailers will be able to trade on the same level playing field as our international competitors.”
The ARA will continue to work with the Government and Productivity Commission to seek the most efficient system in collecting this GST.
“We will be talking to our members to ensure this legislation is implemented correctly,” Mr Zimmerman said.