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.
Click here to sign up to our Newsletter to receive the latest in strategic advice, taxation and business
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.
(08) 9364 4204
Liability limited by a scheme approved under Professional Standards Legislation