Michaela Merz


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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: Continue reading


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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. Continue reading


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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


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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. Continue reading


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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.

 

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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: Continue reading


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New Zealand – GST on electronis services as from 1 of October 2016


629036_web_R_K_by_Dieter Schütz_pixelio.deThe Taxation (Residential Land Withholding Tax, GST on Online Services, and Student Loans) Bill imposing GST on digital products and other remote services sold online by offshore sellers to New Zealand consumers has passed its final reading in Parliament, and is expected to receive Royal Assent shortly. The new law will require offshore sellers of remote services to New Zealand customers to register and pay GST from 1 October 2016.

With less than five months before the new rules start, businesses should already have undertaken an assessment to determine whether they will need to comply with the new rules and register. Separate Special Report is expected to be released by Inland Revenue later this month. This report will outline how Inland Revenue expect the new rules to operate in practice. Continue reading