Muvi Blogs

Beyond The Buzz- Latest Insights From Muvi

Please wait while we enable your Account

0%

Contacting Amazon Web Services
Deploying Cloud Servers, Storage, Transcoding & Database Servers
Deploying Global CDN
Deploying Firewall & Enabling Security Measures
Deploying the CMS & Admin Module
Deploying Website, Mobile & TV Apps framework
Creating your FTP account
Finishing up all the modules
Preparing for launch

The ‘Netflix tax’: what your business needs to know 14 May 2015

netflix_tax3-e1430330316247

One of the key inclusions in the Budget is the confirmation that GST rules are to be extended to apply to the importations of digital products and services. This so called “Netflix” tax is designed to ensure that non-resident suppliers (e.g. video streaming servers) of such content pay GST, thereby levelling the playing field for Australian suppliers already subject to GST. This measure is consistent with the OECD’s guidelines on this subject, but under Australia’s laws will require the approval of all States and Territories to be enacted.

Generally speaking, GST only currently applies to supplies that are “connected with Australia”.

If enacted, the amending legislation will extend the “connected with Australia” test to include supplies made to a recipient who is an “Australian consumer”. For these purposes, an “Australian consumer” will be an entity that is a resident of Australia (excluding external territories) and which is either:

(a) not GST registered, or required to be GST registered; or

(b) a registered entity which does not acquire the intangible supply wholly or partly for carrying on the entity’s enterprise.

The intention is to broaden the GST net to capture inbound intangible supplies made to individuals and small businesses which are not GST registered.

Read the entire story here.

Don't forget to share this post!


Latest Posts

Start Muvi One 14-days Free Trial

No Credit Card Required

Your website will be at https://www.yourname.muvi.com, you can change this later.

Related Blogs
How Improved CDN Helps Meet Surging OTT Demand?

How Improved CDN Helps Meet Surging OTT Demand?

  Content Delivery Networks are servers that are distributed geographically, and function together to serve your viewers faster and with...

25 November 2022
7 Reasons to Migrate to a Cloud Streaming Platform

7 Reasons to Migrate to a Cloud Streaming Platform

  With many features and benefits offered by a cloud streaming platform, a greater number of video producers and content...

25 November 2022
Want to Launch Your Own iOS Streaming App? Use Muvi - World’s Easiest No Code OTT Platform Software

Want to Launch Your Own iOS Streaming App? Use Muvi - World’s Easiest No Code OTT Platform Software

  There are over 2.7 billion smartphone users all over the world and out of those around 1 billion people...

25 November 2022
Samsung TV Vs LG TV - A Comparative Study

Samsung TV Vs LG TV - A Comparative Study

  Samsung TV vs LG TV is probably one of the most-discussed topics in this era of smart TVs and...

24 November 2022
6 Best Multistreaming Platforms in 2022

6 Best Multistreaming Platforms in 2022

  Live streaming has seen a huge growth in consumption since the past few years and according to the research,...

23 November 2022






 

Get Offer
close-link