[LINK] Online shopping and potential changes to the low value threshold
Marghanita da Cruz
marghanita at ramin.com.au
Mon Oct 27 12:10:17 AEDT 2014
Has Online Shopping come of age?
> Executive summary ⢠Australians spent $15.7 billion in the year to August 2014 buying online from both international and Australian retailers. Online shopping by Australians has increased over time, and is likely to continue doing so. A significant portion of Australian purchases online are from Australian retailers.
>
> ⢠The low value threshold (LVT) exempts eligible imports below $1,000 in value from a number of Commonwealth legal requirements. One of these exemptions is that goods below $1,000 in value are generally not subject to the goods and services tax (GST).
..
http://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id%3A%22library%2Fprspub%2F3471890%22
--
Marghanita da Cruz BSc (Computer Science)
ICT Consultant, Author & Editor of Annandale on the Web
Ramin Communications Pty Ltd (ABN: 027 089 713 084)
Web: http://ramin.com.au/
Phone:(+61)0414-869202
Email: marghanita at ramin.com.au
More information about the Link
mailing list