New Zealand | “Haere rā” to Low Value GST Exemption

By |August 29th, 2019|

On 7 July 2019, we reported here, that the New Zealand Parliament finally enacted legislation removing the GST exemption to import VAT for low value goods (now recharacterised as “distantly taxable goods” or “DTGs). DTGs are generally defined as goods that: Individually have a value of NZ$1,000 or less; Are [...]

New Zealand / Low Value Imports of Goods Law Receives Royal Assent

By |July 7th, 2019|

The New Zealand Parliament has finally enacted legislation removing the GST exemption to import VAT for low value goods.  New Zealand has recharacterized these as “distantly taxable goods” or “DTGs”. The key consequence of making this change is that non-resident sellers of those DTGs are very likely to create a [...]

New Zealand I Launches Low Value Consignment Regime from December 2019

By |June 13th, 2019|

New Zealand has published draft legislation, requiring foreign sellers of low value imported goods to New Zealand consumers, to charge GST on their supplies at the time of sale of the goods. The New Zealand Inland Revenue Department has been contacting potentially affected suppliers. In the course of being debated [...]

New Zealand – GST law on digital services

By |May 13th, 2016|

The purchase of online services and other intangibles products such as downloaded music, eBooks or streaming entertainment services supplied from abroad to New Zealand-based consumers will be subject to GST of 15% from the 1st of October 2016. As previously reported, non-established providers will be required to register with Inland Revenue [...]

New Zealand | further guidance for GST on digital imports

By |November 23rd, 2015|

New Zealand has published further guidance and draft legislation on its new rules which will require non-established suppliers of digital services to register and account for GST locally. Whilst the legislation still needs to be approved, it looks like the key points will include: A threshold of NZ $60,000 (currently [...]

New Zealand – proposal for GST on cross border services and intangibles

By |August 24th, 2015|

  Further to our story in May, the New Zealand tax authorities have released a government discussion document on the taxation of Cross Border Services, Intangibles and Goods. The report states that New Zealand adopt a model to tax cross border services and intangibles in line with the OECD guidelines. [...]

New Zealand to consider GST treatment of electronic imports

By |May 21st, 2015|

As with other tax authorities around the world, the New Zealand tax authority recognises that New Zealand’s current GST system has not adequately kept pace with the advancement of the digital economy. The tax authority considers that any solution needs to address both e-services and imports of low value goods [...]

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