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on 31-05-2017 07:51 PM
@ozstockman wrote:
pdme_dolls, I guess it should be completelly opposite to what they are actually saying. An exempt should be applied to those who are not registered for GST and they do not need to do anything, all others should provide an ABN and a business name. It makes sense that way only
The way they are doing it is the right way, if it has to be done. I don't think supplying an ABN to eBay will exempt a seller from having to pay GST, it should just be for record keeping purposes so that when the seller then goes to claim the GST paid to eBay in credits at tax time, it can be checked / cross referenced properly. (That's why they are saying GST-registered sellers won't be affected, because they'll pay more through the course of doing business, but at tax time they'll claim it all back).
For those not registered to collect GST, they'll have to simply pay it, just like any other consumer - it can be claimed as a cost, but not claimed for credit.
This won't affect eBay or their profits in any way, really, except in accounting work and costs I suppose, all it will do is increase the cost to use eBay AU, and send that money to the gov.
Sending an email with the subject line "Netflix Tax" was a bit silly; they definitely could have approached it a lot better and provided working links, but can't really blame eBay for this one. I'll probably have to increase prices on everything by a little (up to about $1), but still not looking forward to the increase.
Apparently the GST on imports was pushed back for another 12 months, so that's something (for me, anyway).