New Zealand: tax measures in response to COVID-19


New Zealand Government is moving on wide ranging measures (exporters / importers, bank funding support via industry bodies, employers) and education.

Tax relief and income assistance is available to people affected by the downturn in business due to the COVID-19 (novel coronavirus). The government has a range of ways to help depending on your circumstances.

Read More »

New Zealand – Registration obligation as from 1 of December for foreign suppliers


New Zealand has adopted a law that will require offshore sellers, electronic marketplaces and redeliverers to register and account for 15% GST on:Read More »

NEW ZEALAND: Proposed changes in Goods and Services Tax for telecommunications


The New Zealand Government has proposed to make changes to the goods and services tax (GST) telecommunications rules. The move is designed to bring New Zealand into line with OECD and international trends in relation to the provision of telecommunications services with focus on the customer’s usual place of residence. The Minister’s release (on 17 May 2019) and the officials’ issues paper can be viewed here.Read More »

NEW ZEALAND: Introduction of low value imported goods start date might be postponed even until 1 April 2020


NZ low value imported goods rules start date is still going through a decision-making process. The large platforms and several firms asked for more time as the law will with high probability be not passed until mid year. The industry asks for 1 April 2020 as a day of introduction rather than the original date of 1 October 2019. This will be a governmental decision and a compromise date could be 1 January 2020.

 

Image source: unsplash.com

Global indirect tax webcast: changes to New Zealand GST


140924_web_r_k_by_a-kriewel_pixelio-deI would like to invite you to our next in the series of global indirect tax (ITX) webcasts where specialists from our New Zealand ITX practice will discuss changes to GS for remote sellers of digital services.Read More »

New Zealand – GST registration as a non-resident business supplying remote services


629036_web_R_K_by_Dieter Schütz_pixelio.deFrom 1 October 2016 if you’re a non-resident business supplying remote services (including online services) you may be required to register for New Zealand GST, and charge GST on services provided to customers resident in New Zealand.

You need to register for GST when:

you exceed the GST threshold, that is your sales exceed NZD $60,000 in the last 12 months, or

are expected to be more than NZD $60,000 in the next 12 months.

your customer is resident in New Zealand, and
you supply a qualifying remote service.

 

Read More »

New Zealand – special report on NZ GST and remote services


PwC_farbigNew Zealand IR has today released the special report on NZ GST and remote services.
It’s a pretty good document but doesn’t cover every scenario/issue.

This is a short insight into the systematics:Read More »