Preliminary report recommends GST on imported goods should be payable by offshore suppliers

26 April 2012 Books+Publishing

A preliminary report commissioned by the Federal Government’s Goods and Services Tax (GST) Distribution Review has recommended that GST revenue currently forgone on imported goods below the ‘low value threshold’ (LVT) should be collected from offshore suppliers and GST-registered recipients. The report, which is available online here, outlines a number...