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ARA executive director Russell Zimmerman believes it is time for the Australian government to also act on the issue of tax-free online shopping, and says a reduction of the Low Value Imports Threshold (LVIT) would prevent erosion of state GST resources. This lower of the LVIT threshold would also enable the collection of GST on parcels below $1000 as well as from overseas suppliers.
“Reducing the LVIT is a simple and economically beneficial solution which needs to be implemented without delay, and the ARA looks forward to continuing to work alongside the Government to implement a lowering of the threshold which will help Australian retailers remain globally competitive,” he said.
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