| Redisplay Messages: Compact | Brief | All | Full Show Messages: All | Without Replies| Author: | jonwil  | | Posted: | May 26, 2023 07:22 | | Subject: | Re: Australian Tax Implementation | | Viewed: | 58 times | | Topic: | Administrative | |
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| | Does this mean anything for an Australian seller who sells to an Australian buyer? |
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| Author: | SylvainLS | | Posted: | May 24, 2023 11:52 | | Subject: | Re: Australian Tax Implementation | | Viewed: | 46 times | | Topic: | Administrative | |
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| In Administrative, QBricks writes:
| | […]
There's no GST payable on a private sale of used goods but say you bought
someone's used collection and resold it here and made a profit, then if you
were registered for GST, it would be payable on any value you add.
I believe you can claim a GST credit on used goods though, even if you didn't
pay any when you bought them.
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For VAT, that’s called the “margin VAT” scheme (you collect VAT only on your
margin, so it’s not that you deduct VAT you didn’t pay, it’s that what you paid
isn’t included in the calculation). And you can see a lot of threads here about
BL not supporting it….
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| Author: | QBricks | | Posted: | May 24, 2023 10:36 | | Subject: | Re: Australian Tax Implementation | | Viewed: | 51 times | | Topic: | Administrative | |
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| In Administrative, Yogi_007 writes:
| | In Administrative, QBricks writes:
| | In Administrative, nevyn68 writes:
| | 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
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Since when do we pay GST on 2nd hand goods?
New = Yes.... Used = No....
How are you going to seperate this?
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GST has always applied to second-hand goods from GST registered suppliers, so
there's no need for them to separate new and used.
For low value imports, the EDP/online marketplace is deemed to be the supplier,
so if the marketplace is GST registered, second-hand goods will attract GST.
https://www.ato.gov.au/Business/International-tax-for-business/GST-on-imported-goods-and-services/Australian-consumers-importing-goods-and-services/
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My understanding is that any GST is only collected when the item is first sold
if sold in Asutralia to Australians. And as such, the GST responsibility is
discharged at that time. Hence no additional GST on used items sold within Australia.
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There's no GST payable on a private sale of used goods but say you bought
someone's used collection and resold it here and made a profit, then if you
were registered for GST, it would be payable on any value you add.
I believe you can claim a GST credit on used goods though, even if you didn't
pay any when you bought them.
| | However, GST is payable on items sold to Australia from outside Australia.
What Id like comment on is whether this applies to the product only i.e. lego
bricks or whether it also applies to the shipping and other charges. The BL
help page suggests the whole order cost which I didnt believe was correct.
Yogi
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| Author: | SylvainLS | | Posted: | May 24, 2023 10:17 | | Subject: | Re: Australian Tax Implementation | | Viewed: | 37 times | | Topic: | Administrative | |
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| In Administrative, QBricks writes:
| | […]
| | (Besides, if you have the same rules as us with VAT, there’s no GST/VAT on shipping
only when the seller “acts on behalf of the buyer.” That is, when the seller
charges the exact price they pay, no service added. As soon as the seller adds
a service (handling, or even commercial prices), then they don’t act on behalf
of the buyer any more, and everything is taxed.)
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We do pay GST on shipping but can claim a credit for that and any other GST we've
paid on purchases & other expenses against the GST that's payable on sales
and any other added services, handling etc.
It's done through a Business Activity Statement that we have to lodge with
the ATO every quarter.
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Yeah, that’s the same with VAT.
What I meant is that, but for stringent exceptions, shipping is considered a
product/service you offer and so you have to collect VAT on all of it (even if
you didn’t pay VAT on it / there’s no VAT to deduct).
When people look at the postal services, they see it’s “VAT-free” and they think
all shipping is untaxed.
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| Author: | QBricks | | Posted: | May 24, 2023 09:55 | | Subject: | Re: Australian Tax Implementation | | Viewed: | 52 times | | Topic: | Administrative | |
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| In Administrative, KynanG writes:
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Isn’t BL just the platform on which we buy from registered stores. I’d love to
see how many stores actually qualify for GST inclusion on here (75000aud).
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Probably more than you'd think. It's not just the order value that counts
towards the $75000 threshold, it's the total amount a buyer pays, including
shipping and handling.
| | Bit of a shame though I don’t reckon as many people will want to drop 10%gst
5%paypal 1%currency plus shipping on items which had their relevant gst paid
when first bought. Feeding too many mouths with each purchase.
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If you've bought from some of the larger Australian stores, you'd have
been paying GST, but it would have been included in the listed price, not shown
separately.
The tax on low value imports isn't a new thing, it was introduced in 2018,
it's just new to BrickLink. If you've bought from an overseas business
with a large enough turnover here, or from sellers on larger marketplaces you'd
have been paying it for the last few years.
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Australia, Queensland
France, Nouvelle-Aquitaine
