UPDATE: GST applies to services or digital products bought from overseas

From 1 July 2017, GST applies to imported services and digital products from overseas, including:

–         digital products such as streaming or downloading of movies, music, apps, games and e-books; and

–         services such as architectural, educational and legal.

Australian GST registered businesses will not be charged GST on their purchases from a non-resident supplier if they:

–         provide their ABN to the non-resident supplier; and

–         state they are registered for GST.

However, if Australians purchase imported services and digital products only for personal use, they should not provide their ABN.

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Mawer Consulting is a consulting firm located in Perth, Western Australia that provides a range of successful businesses with strategic business advice, accounting and taxation services.

www.mawcons.com.au

admin@mawcons.com.au

(08) 9364 4204

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