Australian Budget confirms commitment to so-called “Netflix Tax”May 20, 2015
Last week, Australian Treasurer Joe Hockey announced the Australian government’s latest Federal Budget 2015-16. Outlined were key tax changes to address revenue issues, including the introduction of the “Netflix Tax”. Here, a 10% Goods and Services Tax (“GST”) will be applied to the supply of e-commerce goods and services in Australia by overseas businesses, such as digital content, games and software. As published in the Australian Financial Review and International Tax Review, Thomson Reuters ONESOURCE indirect tax expert, Anil Kuruvilla, shares his international perspective on what some of the challenges may be surrounding the implementation and mechanisms for tax collection.
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