VATupdate

Share this post on

What online shoppers need to know about GST for low-value imported items and non-digital services

  • From 2023, Consumers would likely have to pay a 7 or 9 per cent GST when they buy low-value goods or non-digital services from overseas sellers
  • Tax experts said consumers have to be aware that the price displayed on websites may not be the final cost they pay
  • They also said that it is likely an online marketplace such as Lazada may collect GST on behalf of the many overseas vendors on their platforms
  • While it is not possible to ensure total compliance, tax experts said big companies will tend to comply for reputational reason

Read more at Todayonline.com

Sponsors:

VAT news

Advertisements: