THE independent GST review has called for changes to the way the consumption tax applies to goods and services bought online.
The report - by former premiers Nick Greiner and John Brumby and tax expert Bruce Carter - says the way the 10 per cent GST applies to online purchases disadvantages Australian businesses and costs the states "hundreds of millions of dollars" in lost revenue.
The panel report, released on Friday, said the current low-value import threshold should be at least halved from $1000 to $500.
This could be done almost immediately with no change needed to either GST law or customs arrangements.
In the long-term, governments should look at replacing the "at-the-border" collection of GST with a system that imposed a GST liability directly on overseas suppliers of goods and services to Australia.
The review panel found the existing system was open to flagrant abuse.
One example was the sale of expensive cameras which were bought in their component parts, at a price under $1000, and assembled by the buyer without incurring any GST.
The talks between the federal and state governments on a long-term solution should focus on amendments to GST law to make overseas suppliers to Australian residents liable for remittance of GST on all supplies of both goods and services that would otherwise be subject to GST if purchased from a domestic supplier.
"Such an approach would enable the GST exemption threshold for physical parcels to be reduced to a nominal level, no more than $20 or $50," the report said.
However, Robert Jeremenko, senior tax counsel at the Tax Institute, said the recommendation amounted to "tinkering".
"The GST threshold for overseas purchases should not be tinkered with in the absence of a whole-scale review of reform options in Australia's tax system," Mr Jeremenko said in a statement.
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