Tuesday, November 6, 2012

State Treasurers Are Expected To Call For a Lower Threshold For Tax Free Imports

The Sydney Morning Herald has reported that calls to lower the $1000 tax free threshold for imported goods are expected to receive significant backing from the State Treasurers following a meeting earlier this week.

In the last 12 months the Government has received two reports concerning the tax free threshold and last week the GST Distribution Review handed its final report to Treasury.

The Government now appears to have plenty of information on which to make a decision, so it remains to be seen if there is any announcement.