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Goods and Services Tax (Value Added Tax) as it applies in Australia to the purchase of Ancient coins
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<p>[QUOTE="Topcat7, post: 3160038, member: 73372"]I have just put the 'phone down from speaking with the 'Australian Taxation Office'.</p><p>As of 1st July, 2018, ALL eBay transactions (except exempt items) will have the additional tax applied, (whereas previously it only applied to items with a value/sale price of A$1,000 or more). This is in addition to any 'Buyer's Premium', 'Commission', 'Postage & Handling', 'Currency Conversion', 'Paypal Fees', and 'Credit Card' charges that might already be applied to any purchase.</p><p>I queried my G.S.T. charge on my recent coin purchases as it was my understanding that as the coins are (obviously) 'second hand' then the G.S.T. did not apply to them, and also as the seller was an overseas business and not 'registered' with the Australian Taxation Office, they would not be able to collect/remit Australian taxes.</p><p>I was informed that any business within Austrlaia that transacts sales of A$75,000, (or more annually in Australia) must charge the G.S.T. (Now it gets interesting.)</p><p>Paypal has (now) registered in Australia, and Paypal's business model (apparently) is to purchase the item, on your behalf, from the seller (through eBay), and to 'on-sell' it to you. Therefore even though the (individual) sellers sells less than A$75,000 worth of sales in Australia, each year, because Paypal acts as an 'intermediary' and puts themselves between the buyer and the seller, then Paypal 'sells' MORE than A$75,000 and must charge you G.S.T. on all of those (International) sales/purchases. If we <u>don't use</u> Paypal we are (might be) able to avoid the G.S.T.</p><p>As I prefer to use Paypal it looks like my 'coin purchase budget' just took a 10% 'hit'.</p><p>I am unsure how this Tax works in your country. Please make your own enquiries.</p><p>Here are the seller's photos of my recent 'Celtic' purchases.</p><p><br /></p><p>CELTIC: Northeast Gaul: The Suessiones. c.50-30 BC. Potin, Stylized head R. with curling locks of hair around the face / Stylized Boar R. above pellet-in-ring, annulet to L., five pellets and pellet-headed crescent below. D&T 531A;cccbm III 446; de la Tour 7905</p><p>[ATTACH=full]810839[/ATTACH] [ATTACH=full]810841[/ATTACH] </p><p><br /></p><p><br /></p><p>CELTIC: Northeast Gaul: The Leuci, c.120-80 BC. Potin, Diademed head L. / Boar standing L. Bow below, D&T 225; Scheers 186, cccbm 398-404</p><p><br /></p><p>[ATTACH=full]810843[/ATTACH] [ATTACH=full]810844[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="Topcat7, post: 3160038, member: 73372"]I have just put the 'phone down from speaking with the 'Australian Taxation Office'. As of 1st July, 2018, ALL eBay transactions (except exempt items) will have the additional tax applied, (whereas previously it only applied to items with a value/sale price of A$1,000 or more). This is in addition to any 'Buyer's Premium', 'Commission', 'Postage & Handling', 'Currency Conversion', 'Paypal Fees', and 'Credit Card' charges that might already be applied to any purchase. I queried my G.S.T. charge on my recent coin purchases as it was my understanding that as the coins are (obviously) 'second hand' then the G.S.T. did not apply to them, and also as the seller was an overseas business and not 'registered' with the Australian Taxation Office, they would not be able to collect/remit Australian taxes. I was informed that any business within Austrlaia that transacts sales of A$75,000, (or more annually in Australia) must charge the G.S.T. (Now it gets interesting.) Paypal has (now) registered in Australia, and Paypal's business model (apparently) is to purchase the item, on your behalf, from the seller (through eBay), and to 'on-sell' it to you. Therefore even though the (individual) sellers sells less than A$75,000 worth of sales in Australia, each year, because Paypal acts as an 'intermediary' and puts themselves between the buyer and the seller, then Paypal 'sells' MORE than A$75,000 and must charge you G.S.T. on all of those (International) sales/purchases. If we [U]don't use[/U] Paypal we are (might be) able to avoid the G.S.T. As I prefer to use Paypal it looks like my 'coin purchase budget' just took a 10% 'hit'. I am unsure how this Tax works in your country. Please make your own enquiries. Here are the seller's photos of my recent 'Celtic' purchases. CELTIC: Northeast Gaul: The Suessiones. c.50-30 BC. Potin, Stylized head R. with curling locks of hair around the face / Stylized Boar R. above pellet-in-ring, annulet to L., five pellets and pellet-headed crescent below. D&T 531A;cccbm III 446; de la Tour 7905 [ATTACH=full]810839[/ATTACH] [ATTACH=full]810841[/ATTACH] CELTIC: Northeast Gaul: The Leuci, c.120-80 BC. Potin, Diademed head L. / Boar standing L. Bow below, D&T 225; Scheers 186, cccbm 398-404 [ATTACH=full]810843[/ATTACH] [ATTACH=full]810844[/ATTACH][/QUOTE]
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Goods and Services Tax (Value Added Tax) as it applies in Australia to the purchase of Ancient coins
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