Tagged With netflix tax

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We have some good news and bad news for online shoppers. First, the good news: A proposed GST amendment - which will see GST extended to all goods bought overseas - has been delayed for another year.

Now for the bad news: It will almost certainly come into effect on July 1 2018, and the similar 'Netflix tax' kicks in at the end of this month. Better start stocking up on those streaming subscriptions and overseas goodies while the going's good.

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From July 1 2017, the Federal Government wants to apply the Goods and Services Tax (GST) to all digital products and services supplied into Australia. In practice, this means the amount of money you spend on software downloads and streaming services is set to increase across the board.

Here's everything you need to know about the so called "Netflix Tax" and how it will affect your wallet.