Not sure this has been discussed already (could not find anything relevant) so I want to take the pulse of our community on this, quite interesting, topic.
So, the Government has decided to listen to the retailers bemoans of an unfair playing field and will now charge us GST on what we buy overseas.
I can understand the fact that the Government needs to collect revenue to support our critical services and the people on the benefit, but what appals me is that they decided to charge GST on gifts received from overseas when these are over the value of $110.00.
So now, instead of questioning our retailers why we pay more than most of the world, sometimes double or more, for products here they have added a GST on our purchases overseas. Surely 15% does not make goods twice as expensive.
My thoughts are on whether it is even legal to apply a GST on a present, which is personal stuff.
Question: Will they apply GST on goods bought duty free if they're over $60?