Australia no GST rise

Tue 16th Feb 2016

The Australian government has confirmed that it is no longer considering a rise to the country’s 10% Goods and Services Tax.

The idea had gained the backing of the business community which is seeking a cut in the Australian corporation tax rate. There had also been demands for a superannuation tax reduction, to be funded by a potential GST rise to 15%.

Australia will continue with its plan to impose GST on foreign providers of digital services to its consumers.