The Australian Federal Government confirmed today that it will introduce the “Netflix Tax,” meaning Australian consumers will have to shell out an extra 10 percent for goods purchased from digital services like Netflix, Google, Steam and Amazon.
Treasurer Joe Hockey revealed during a press conference today that the 10 percent Goods and Services Tax (GST) will be charged to all digital products and services bought online, such as games, movies and books. Australians currently don’t pay GST on physical online purchases under AU$1,000, and Hockey said that won't change after the adjustment.
"What we’re doing is going to digital providers overseas and saying ‘can you apply the GST to the products you provide into Australia?’," Hockey said according to IT News. "They are agreeable to it. It’s not their profits
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Treasurer Joe Hockey revealed during a press conference today that the 10 percent Goods and Services Tax (GST) will be charged to all digital products and services bought online, such as games, movies and books. Australians currently don’t pay GST on physical online purchases under AU$1,000, and Hockey said that won't change after the adjustment.
"What we’re doing is going to digital providers overseas and saying ‘can you apply the GST to the products you provide into Australia?’," Hockey said according to IT News. "They are agreeable to it. It’s not their profits
Continue reading…
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