GST sting for Netflix film buffs

The goods and services tax will soon be applied to online services such as Netflix.

A GST component printed on a receipt in Brisbane

The goods and services tax will soon be applied to online services such as Netflix. (AAP)

Film buffs are set to be stung when the federal government moves to impose the goods and services tax on online services like Netflix.

Imports of intangibles items such as downloaded books, music, videos and software will soon attract GST, Fairfax reports.

Assistant Treasurer Josh Frydenberg told ABC TV it was important to ensure a level playing field between Australian and offshore service providers, however he said Treasurer Joe Hockey would reveal all in Tuesday's budget.


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Source: AAP


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