NZ changes to GST imports to affect our exporters
The proposed rules would require offshore suppliers to register and return GST, when they supply services and intangibles, which exceed a given threshold in a 12-month period, to New Zealand-resident consumers.
The paper proposes that there would be a wide definition of "services", which would include digital services (such as video, music, and apps and other software downloads).
It would also include traditional services such as consultancy fees for legal, accounting, engineering, and other services.
At the present time there is no proposed start date, although the NZ government may decide to align their start date with
Australia's proposed start date for GST on imports under $1,000 of 1 July 2017.
For more information or to discuss, please contact us on 02 9318 6400.