Federal Treasurer Joe Hockey has said he wants to bring in further taxes on digital products bought from overseas.
Hockey told a small-business forum in Sydney he is working with State treasurers to tighten tax free thresholds on digital goods.
“Our application of the GST for imported digital products is potentially going to go further, following discussions with the State treasurers in mid-August. We have now found a way to ensure that those providing goods from overseas into Australia do not get any advantage out of the tax-free threshold,” he said.
He said there was an opportunity to go to major overseas companies, who sell goods digitally, to ask them to charge consumption tax.
“We’re doing it on digital services. It is now an open opportunity on physical products, like parcels,” he said.