Redisplay Messages: Compact | Brief | All | Full Show Messages: All | Without Replies| Author: | QBricks  | | Posted: | Jun 7, 2023 06:44 | | Subject: | Re: Australian Tax Implementation | | Viewed: | 18 times | | Topic: | Administrative | |
| They've charged it correctly but generally we need a valid tax invoice to
be able to claim a GST credit and I'm not sure the invoice we got has sufficient
info.
https://www.ato.gov.au/Business/GST/Claiming-GST-credits/When-you-can-claim-a-GST-credit/
In Administrative, maxlego writes:
| | Looks like I found where to put your ABN. So its in now but noticed my last months
fees is being charged GST! Will this be rectified as sellers registered with
GST is not supposed to be charged it! Thought I better mention that.
FYI, GST is meant to be charged at 1/11 of the total cost and not at 10%. Even
though its stated as a 10% GST its technically not  . Thats Australia for ya
Thank you.
Brett.
In Administrative, maxlego writes:
| | In Administrative, Admin_Russell writes:
| | In Administrative, maxlego writes:
| |
Whereabouts do you fill in your tax info? It says under seller profile but I
am unable to see it? Is there a direct link or does it still need to be implemented?
Brett.
|
This will go live when the solution is deployed. June 1st is still the target.
|
Hey Russell,
Is this live yet? I'm not seeing where we can put tax info in yet!
Brett.
|
|
|
 |
| Author: | SylvainLS | | Posted: | Jun 6, 2023 18:22 | | Subject: | Re: Australian Tax Implementation | | Viewed: | 37 times | | Topic: | Administrative | |
| In Administrative, maxlego writes:
| | […]
FYI, GST is meant to be charged at 1/11 of the total cost and not at 10%. Even
though its stated as a 10% GST its technically not . Thats Australia for ya
|
6 of one:
All taxes included: $110
Taxes: 1/11th of $110 = $10
“Rest”: $110 - $10 = $100
half a dozen of the other:
Taxes excluded: $100
Taxes due: 10% of $100 = $10
Total due: $100 + $10 = $110
|
|
| Author: | maxlego | | Posted: | Jun 6, 2023 17:54 | | Subject: | Re: Australian Tax Implementation | | Viewed: | 35 times | | Topic: | Administrative | |
| Looks like I found where to put your ABN. So its in now but noticed my last months
fees is being charged GST! Will this be rectified as sellers registered with
GST is not supposed to be charged it! Thought I better mention that.
FYI, GST is meant to be charged at 1/11 of the total cost and not at 10%. Even
though its stated as a 10% GST its technically not . Thats Australia for ya
Thank you.
Brett.
In Administrative, maxlego writes:
| | In Administrative, Admin_Russell writes:
| | In Administrative, maxlego writes:
| |
Whereabouts do you fill in your tax info? It says under seller profile but I
am unable to see it? Is there a direct link or does it still need to be implemented?
Brett.
|
This will go live when the solution is deployed. June 1st is still the target.
|
Hey Russell,
Is this live yet? I'm not seeing where we can put tax info in yet!
Brett.
|
|
|
| Author: | Pachara72 | | Posted: | Jun 6, 2023 10:18 | | Subject: | Re: Australian Tax Implementation | | Viewed: | 24 times | | Topic: | Administrative | |
| Hi Russell,
I've just tried to pay for my first international order since this came in
and have an error telling me the price has changed and I need to go through the
checkout process again. I got a quote, I accepted the quote, I can't pay
via the link. I suspect this is something to do with the tax changes.
Hoping you can assist.
|
|
|
| Author: | maxlego | | Posted: | Jun 4, 2023 20:58 | | Subject: | Re: Australian Tax Implementation | | Viewed: | 44 times | | Topic: | Administrative | |
| In Administrative, Admin_Russell writes:
| | In Administrative, maxlego writes:
| |
Whereabouts do you fill in your tax info? It says under seller profile but I
am unable to see it? Is there a direct link or does it still need to be implemented?
Brett.
|
This will go live when the solution is deployed. June 1st is still the target.
|
Hey Russell,
Is this live yet? I'm not seeing where we can put tax info in yet!
Brett.
|
|
| Author: | maxlego | | Posted: | May 30, 2023 01:07 | | Subject: | Re: Australian Tax Implementation | | Viewed: | 56 times | | Topic: | Administrative | |
| In Administrative, 1001bricks writes:
| | | | | | Because if it were sufficient to not use AUD to not have to pay GST, wouldn’t
all of you be using USD, EUR, or platypus eggs instead? 
|
Well, if we had all endless bank accounts in Australian dollars, most of us would
.
But living expenses and anything you need to buy here in Australia you need to
pay in AUD. None of them would accept other currencies.
|
We had this problem with our company back in 2006: BrickLink was only in USD
then.
Our accounting said no problem as long as:
* you invoice in your currency (for us it is EUR)
* so you calculate taxes in your currency (always), so EUR
* then you get paid in whatever you wish, like JPY, get whatever amount in EUR
after conversion (it's your problem), but you've to pay the exact amount
of taxes you invoiced in your currency (EUR).
It's how you've to do, and there's no exemption of taxes due to currency,
seriously
|
Yes I remember when Bricklink was only a USD only site. Can't remember when
it changed but it was a few years back now. But when buyers submitted an order
they can request what currency to pay in and as a seller you could do your own
exchange rate. Most at the time just used XE or Oanda.
In Australia at the time you did not have to pay tax on other currencies you
received payment in unless you converted it. Once you converted it, you would
have to declare as income. Even if you had it sitting there for a few years,
once converted you had to declare it.
It was all too much for my head to do back then so I always declared overseas
orders every month just to keep my books up to date.
Sounds like its different with each country, but as stated before, its changing.
|
|
| Author: | 1001bricks | | Posted: | May 29, 2023 10:54 | | Subject: | Re: Australian Tax Implementation | | Viewed: | 38 times | | Topic: | Administrative | |
| | | | | Because if it were sufficient to not use AUD to not have to pay GST, wouldn’t
all of you be using USD, EUR, or platypus eggs instead?
|
Well, if we had all endless bank accounts in Australian dollars, most of us would
.
But living expenses and anything you need to buy here in Australia you need to
pay in AUD. None of them would accept other currencies.
|
We had this problem with our company back in 2006: BrickLink was only in USD
then.
Our accounting said no problem as long as:
* you invoice in your currency (for us it is EUR)
* so you calculate taxes in your currency (always), so EUR
* then you get paid in whatever you wish, like JPY, get whatever amount in EUR
after conversion (it's your problem), but you've to pay the exact amount
of taxes you invoiced in your currency (EUR).
It's how you've to do, and there's no exemption of taxes due to currency,
seriously
|
|
| Author: | SylvainLS | | Posted: | May 29, 2023 08:21 | | Subject: | Re: Australian Tax Implementation | | Viewed: | 40 times | | Topic: | Administrative | |
| In Administrative, Stellar writes:
| | In Administrative, kezany writes:
| | Dear Russel,
we have many buyers from Australia.
Currently three different paying method available for Buyers from Australia.
1. PayPal - onsite, no question
2. Stripe - onsite
Question:
Is Bricklink will collect Tax also or how should I handle?
|
Stripe Onsite works for VAT and TAX on UK, EU and USA, so I can assume that it
will also work for this well.
| |
3. Wise - offiste
Questions:
Can I allow this payment methode in the future for Australian buyers or not?
If yes, how this new TAX collection process will work?
|
No and Yes.
Only possible for orders that are above 1000 AUD (~610 EUR), as those BL doesn't
have to collect the TAX.
|
And the website automatically hides the shipping methods that won’t work.
Example:
— if you have a shipping method associated to Wise and one associated to PayPal
Onsite,
— if the cart is above AUD1000, the buyer will see both,
— if the cart is below AUD1000, the buyer will only see the PayPal Onsite one.
|
|
| Author: | Stellar | | Posted: | May 29, 2023 06:23 | | Subject: | Re: Australian Tax Implementation | | Viewed: | 39 times | | Topic: | Administrative | |
| In Administrative, kezany writes:
| | Dear Russel,
we have many buyers from Australia.
Currently three different paying method available for Buyers from Australia.
1. PayPal - onsite, no question
2. Stripe - onsite
Question:
Is Bricklink will collect Tax also or how should I handle?
|
Stripe Onsite works for VAT and TAX on UK, EU and USA, so I can assume that it
will also work for this well.
| |
3. Wise - offiste
Questions:
Can I allow this payment methode in the future for Australian buyers or not?
If yes, how this new TAX collection process will work?
|
No and Yes.
Only possible for orders that are above 1000 AUD (~610 EUR), as those BL doesn't
have to collect the TAX.
| |
Thanks your support and answer in advance!
Regards:
Brickmania.hu Team
|
|
|
| Author: | kezany | | Posted: | May 29, 2023 06:00 | | Subject: | Re: Australian Tax Implementation | | Viewed: | 43 times | | Topic: | Administrative | |
| Dear Russel,
we have many buyers from Australia.
Currently three different paying method available for Buyers from Australia.
1. PayPal - onsite, no question
2. Stripe - onsite
Question:
Is Bricklink will collect Tax also or how should I handle?
3. Wise - offiste
Questions:
Can I allow this payment methode in the future for Australian buyers or not?
If yes, how this new TAX collection process will work?
Thanks your support and answer in advance!
Regards:
Brickmania.hu Team
|
|
| Author: | maxlego | | Posted: | May 29, 2023 01:07 | | Subject: | Re: Australian Tax Implementation | | Viewed: | 41 times | | Topic: | Administrative | |
| In Administrative, SylvainLS writes:
| | In Administrative, maxlego writes:
| | […]
| | | | mention this is because technically US or any other currency other then Australian
dollars is not subject to tax or GST because other currencies are not legal tender
in Australia. […]
|
|
|
Are you sure you aren’t forgetting another condition or technicality here?
Because if it were sufficient to not use AUD to not have to pay GST, wouldn’t
all of you be using USD, EUR, or platypus eggs instead?
|
Well, if we had all endless bank accounts in Australian dollars, most of us would
.
But living expenses and anything you need to buy here in Australia you need to
pay in AUD. None of them would accept other currencies.
|
|
| Author: | Bee84 | | Posted: | May 28, 2023 18:53 | | Subject: | Re: Australian Tax Implementation | | Viewed: | 42 times | | Topic: | Administrative | |
| Every other business charges taxes on ordered over $1,000 not under.
What about used bricks. They don't get taxes.
Australian's always get's burnt with this rubbish.
|
|
| Author: | ghyde | | Posted: | May 28, 2023 16:36 | | Subject: | Re: Australian Tax Implementation | | Viewed: | 36 times | | Topic: | Administrative | |
| In Administrative, maxlego writes:
| | Hey Russell,
Thought I better mention this as I don't think it has been mentioned in the
help page or on this forum page. If a buyer was to purchase in the US just say
and use US currency as payment, would he/she be subject to GST? The reason I
mention this is because technically US or any other currency other then Australian
dollars is not subject to tax or GST because other currencies are not legal tender
in Australia. Many years ago I dealt with a tax auditor that explained a lot
of the ins and outs of importing/exporting and the things you can claim and not
claim, etc. One thing that stood out was if you accepted a payment other then
Australian dollars, it was not subject to tax unless you converted it to Australian
dollars. So if you never converted it, it would not be part of your taxable income.
Now at the time, I thought that would be way too complicated to not declare all
overseas income unless they paid in Australian dollars or you converted the currencies,
especially if you didn't use the currencies for a few months or even years.
So I just declared it all anyway even though I didn't need to, unless I converted
the currencies. Usually I use other currencies to purchase stock from other countries
where it is legal tender. Now I would understand that if a buyer used Australian
currency to purchase something from the US and converted it to US dollars, that
would still be subject to GST as the buyer originally used Australian currency.
But what happens if you have the currency on hand? I would assume many sellers
in Australia are accepting US dollars as payment because of the Bricklink fees
being in USD as it is easier to pay those fees in the same currency.
Now this comes to thought, Bricklink fees will be subject to GST too. So does
that mean that the fees will be in Australian currency or still in US currency?
The reason above should still apply if paying the fees in USD with USD.
Now this may have all changed now as I learnt this about 13 years ago and laws
and taxes may have changed but not to my knowledge at the moment so I thought
I better mention all of this. I'm sure this has probably been brought up
in the past when US state sales tax and VAT was first implemented by Bricklink.
So it would be good to find out if this still applies or it has changed in recent
years in regards to using other currencies and whether it is subject to GST or
not!
Thank you.
Brett.
|
https://www.ato.gov.au/General/Other-languages/In-detail/Information-in-other-languages/Goods-and-services-tax-(GST)-when-you-sell-to-Australia/
It might not matter if there is US currency on hand, the GST information page
I linked to above states the following in a paragraph under the title: Determiing
the customs value
Excerpt from this article:
--
Usually if goods are sold in Australian dollars, the customs value is the price
the goods are sold for, minus any amount included in the price for freight and
insurance from place of export to Australia. If the goods are not sold in Australian
dollars and it is not clear if the goods are low value goods, you will need to
convert the amounts into Australian dollars.
--
Therefore, if you're selling goods in another currency, and it's not
clear whether they're low value goods, you need to convert to Australian
dollars first, if you're a seller.
Having currency in other than Australian dollars might not be the issue, the
issue is that you have to check the value of the goods you're selling and
convert to Australian dollars to properly determine if GST should be charged.
The rest of this article is very useful information, including your rights and
obligations.
Hope that sheds some light on this subject.
Cheers ...
ghyde
|
|
| Author: | SylvainLS | | Posted: | May 28, 2023 08:25 | | Subject: | Re: Australian Tax Implementation | | Viewed: | 38 times | | Topic: | Administrative | |
| In Administrative, maxlego writes:
| | […]
| | | | mention this is because technically US or any other currency other then Australian
dollars is not subject to tax or GST because other currencies are not legal tender
in Australia. […]
|
|
|
Are you sure you aren’t forgetting another condition or technicality here?
Because if it were sufficient to not use AUD to not have to pay GST, wouldn’t
all of you be using USD, EUR, or platypus eggs instead?
|
|
| Author: | maxlego | | Posted: | May 28, 2023 02:00 | | Subject: | Re: Australian Tax Implementation | | Viewed: | 50 times | | Topic: | Administrative | |
| In Administrative, Admin_Russell writes:
| | In Administrative, maxlego writes:
| | Hey Russell,
Thought I better mention this as I don't think it has been mentioned in the
help page or on this forum page. If a buyer was to purchase in the US just say
and use US currency as payment, would he/she be subject to GST? The reason I
mention this is because technically US or any other currency other then Australian
dollars is not subject to tax or GST because other currencies are not legal tender
in Australia. Many years ago I dealt with a tax auditor that explained a lot
of the ins and outs of importing/exporting and the things you can claim and not
claim, etc. One thing that stood out was if you accepted a payment other then
Australian dollars, it was not subject to tax unless you converted it to Australian
dollars. So if you never converted it, it would not be part of your taxable income.
Now at the time, I thought that would be way too complicated to not declare all
overseas income unless they paid in Australian dollars or you converted the currencies,
especially if you didn't use the currencies for a few months or even years.
So I just declared it all anyway even though I didn't need to, unless I converted
the currencies. Usually I use other currencies to purchase stock from other countries
where it is legal tender. Now I would understand that if a buyer used Australian
currency to purchase something from the US and converted it to US dollars, that
would still be subject to GST as the buyer originally used Australian currency.
But what happens if you have the currency on hand? I would assume many sellers
in Australia are accepting US dollars as payment because of the Bricklink fees
being in USD as it is easier to pay those fees in the same currency.
Now this comes to thought, Bricklink fees will be subject to GST too. So does
that mean that the fees will be in Australian currency or still in US currency?
The reason above should still apply if paying the fees in USD with USD.
Now this may have all changed now as I learnt this about 13 years ago and laws
and taxes may have changed but not to my knowledge at the moment so I thought
I better mention all of this. I'm sure this has probably been brought up
in the past when US state sales tax and VAT was first implemented by Bricklink.
So it would be good to find out if this still applies or it has changed in recent
years in regards to using other currencies and whether it is subject to GST or
not!
Thank you.
Brett.
|
Thanks for bringing up this issue, Brett. I will ask our tax team about currency,
but I would be very surprised at this point if this is something they have not
considered. We work months in advance of any deployment, going through every
detail, and I've not heard that collection currency was a problem in any
country so far.
|
Thanks Russell, it would be good to get some clarification on this.
| |
For the fees, they will be charged in US dollars and this is how they will be
shown on your invoice. If you are an Australian GST registered seller, though,
and you upload your details to your BrickLink account, you will not be charged
GST on your invoice at all. This will be left to account for when you handle
the taxes on your business.
|
That's interesting. So only GST registered sellers will be exempt from GST
for Brickink fees. Personally I have always exempted Bricklink and paypal fees
when doing my bas as they are, or were not subject to GST. But listed as a GST
free expense. So this is a change. I wonder if its the same for paypal or other
companies in similar situations. Something I have to look into.
Thanks again Russell 
|
|
| Author: | Admin_Russell | | Posted: | May 27, 2023 21:37 | | Subject: | Re: Australian Tax Implementation | | Viewed: | 62 times | | Topic: | Administrative | |
| In Administrative, maxlego writes:
| | Hey Russell,
Thought I better mention this as I don't think it has been mentioned in the
help page or on this forum page. If a buyer was to purchase in the US just say
and use US currency as payment, would he/she be subject to GST? The reason I
mention this is because technically US or any other currency other then Australian
dollars is not subject to tax or GST because other currencies are not legal tender
in Australia. Many years ago I dealt with a tax auditor that explained a lot
of the ins and outs of importing/exporting and the things you can claim and not
claim, etc. One thing that stood out was if you accepted a payment other then
Australian dollars, it was not subject to tax unless you converted it to Australian
dollars. So if you never converted it, it would not be part of your taxable income.
Now at the time, I thought that would be way too complicated to not declare all
overseas income unless they paid in Australian dollars or you converted the currencies,
especially if you didn't use the currencies for a few months or even years.
So I just declared it all anyway even though I didn't need to, unless I converted
the currencies. Usually I use other currencies to purchase stock from other countries
where it is legal tender. Now I would understand that if a buyer used Australian
currency to purchase something from the US and converted it to US dollars, that
would still be subject to GST as the buyer originally used Australian currency.
But what happens if you have the currency on hand? I would assume many sellers
in Australia are accepting US dollars as payment because of the Bricklink fees
being in USD as it is easier to pay those fees in the same currency.
Now this comes to thought, Bricklink fees will be subject to GST too. So does
that mean that the fees will be in Australian currency or still in US currency?
The reason above should still apply if paying the fees in USD with USD.
Now this may have all changed now as I learnt this about 13 years ago and laws
and taxes may have changed but not to my knowledge at the moment so I thought
I better mention all of this. I'm sure this has probably been brought up
in the past when US state sales tax and VAT was first implemented by Bricklink.
So it would be good to find out if this still applies or it has changed in recent
years in regards to using other currencies and whether it is subject to GST or
not!
Thank you.
Brett.
|
Thanks for bringing up this issue, Brett. I will ask our tax team about currency,
but I would be very surprised at this point if this is something they have not
considered. We work months in advance of any deployment, going through every
detail, and I've not heard that collection currency was a problem in any
country so far.
For the fees, they will be charged in US dollars and this is how they will be
shown on your invoice. If you are an Australian GST registered seller, though,
and you upload your details to your BrickLink account, you will not be charged
GST on your invoice at all. This will be left to account for when you handle
the taxes on your business.
|
|
| Author: | maxlego | | Posted: | May 27, 2023 20:41 | | Subject: | Re: Australian Tax Implementation | | Viewed: | 53 times | | Topic: | Administrative | |
| Hey Russell,
Thought I better mention this as I don't think it has been mentioned in the
help page or on this forum page. If a buyer was to purchase in the US just say
and use US currency as payment, would he/she be subject to GST? The reason I
mention this is because technically US or any other currency other then Australian
dollars is not subject to tax or GST because other currencies are not legal tender
in Australia. Many years ago I dealt with a tax auditor that explained a lot
of the ins and outs of importing/exporting and the things you can claim and not
claim, etc. One thing that stood out was if you accepted a payment other then
Australian dollars, it was not subject to tax unless you converted it to Australian
dollars. So if you never converted it, it would not be part of your taxable income.
Now at the time, I thought that would be way too complicated to not declare all
overseas income unless they paid in Australian dollars or you converted the currencies,
especially if you didn't use the currencies for a few months or even years.
So I just declared it all anyway even though I didn't need to, unless I converted
the currencies. Usually I use other currencies to purchase stock from other countries
where it is legal tender. Now I would understand that if a buyer used Australian
currency to purchase something from the US and converted it to US dollars, that
would still be subject to GST as the buyer originally used Australian currency.
But what happens if you have the currency on hand? I would assume many sellers
in Australia are accepting US dollars as payment because of the Bricklink fees
being in USD as it is easier to pay those fees in the same currency.
Now this comes to thought, Bricklink fees will be subject to GST too. So does
that mean that the fees will be in Australian currency or still in US currency?
The reason above should still apply if paying the fees in USD with USD.
Now this may have all changed now as I learnt this about 13 years ago and laws
and taxes may have changed but not to my knowledge at the moment so I thought
I better mention all of this. I'm sure this has probably been brought up
in the past when US state sales tax and VAT was first implemented by Bricklink.
So it would be good to find out if this still applies or it has changed in recent
years in regards to using other currencies and whether it is subject to GST or
not!
Thank you.
Brett.
In Administrative, Admin_Russell writes:
| | Dear BrickLink members,
On June 1, 2023 we plan to implement new marketplace features and settings to
handle Australian Goods and Services Tax (GST). This will mostly affect transactions
where an Australian buyer is purchasing from stores outside of Australia, but
it will also affect all Australian BrickLink members to a degree (both buyers
and sellers).
Here is a summary of what will change:
1. BrickLink will now collect Australian GST for all orders being shipped into
Australia from the outside with a consignment value under $1,000 AUD. As with
other taxes collected on the BrickLink site, this means that all such orders
will require an onsite payment method.
2. When seller invoices go out on June 5th, GST will now be added to the invoice
for Australian sellers.
3. Australian business sellers who are GST registered will now have the option
to upload tax information to their BrickLink seller profile. GST will not be
added to the monthly fee invoice for such sellers.
We plan to send out emails to all affected BrickLink members later this week.
For a deeper explanation of this implementation, please see our new Help Page,
Australian Tax:
https://www.bricklink.com/help.asp?helpID=2597
Thanks for reading, and feel free comment below if you have further questions.
The BrickLink Team
|
|
|
| Author: | SylvainLS | | Posted: | May 27, 2023 18:35 | | Subject: | Re: Australian Tax Implementation | | Viewed: | 28 times | | Topic: | Administrative | |
| In Administrative, deanonet writes:
| | […]
| | The GST referred to under point 2 above is GST on your fees as a seller, not
GST that you as a seller collect from others.
|
Okay, I get it now and hopefully I can help a few others. Treat Bricklink like
your local physical local market. Toni (person selling) is not collecting GST
from their customers that purchase from the stall but Toni still has to pay the
market for the stall. Toni then pays GST on the cost of the stall at the market
and NOT on the goods selling.
Bricklink take a very small percentage of the goods we sell to pay for this site.
It is THAT that we pay the GST on.
Am I correct in that analogy?
|
Yes
|
|
| Author: | deanonet | | Posted: | May 27, 2023 18:29 | | Subject: | Re: Australian Tax Implementation | | Viewed: | 34 times | | Topic: | Administrative | |
| In Administrative, Admin_Russell writes:
| | In Administrative, deanonet writes:
| | 2. When seller invoices go out on June 5th, GST will now be added to the invoice
for Australian sellers.
If my store is a 'hobby business' without an ABN, it is not required
to collect GST, are you going to be able to 'turn off' GST collection
if this applies?
|
The GST referred to under point 2 above is GST on your fees as a seller, not
GST that you as a seller collect from others.
|
Okay, I get it now and hopefully I can help a few others. Treat Bricklink like
your local physical local market. Toni (person selling) is not collecting GST
from their customers that purchase from the stall but Toni still has to pay the
market for the stall. Toni then pays GST on the cost of the stall at the market
and NOT on the goods selling.
Bricklink take a very small percentage of the goods we sell to pay for this site.
It is THAT that we pay the GST on.
Am I correct in that analogy?
|
|
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