New GST legislation for digital services comes into effect tomorrow in New Zealand, but Booksellers NZ and Retail NZ are critical of it. They say while this is good news for big players like Sky TV, the Government is missing the opportunity to collect revenue
GST and duty is not paid on most goods worth less than $400 that are bought by Kiwis from foreign retailers. Retail NZ has been campaigning for the Government to change this under its #eFairnessNZ, but last month, the Government shelved the issue until at
The Government has announced that it will implement tax on digital goods from next year. As for other goods from overseas websites, Revenue Minister Todd McClay says the Government realises it’s an important issue to retailers, but it needs to work through “logistical issues” so
Overseas online GST is once again a talking point as The Warehouse Group and InternetNZ have come forward to share their views on the matter. The Warehouse Group is keen for a tax to be imposed on overseas online low-value goods, but InternetNZ is warier.
The Government has begun to zero in on tax issues surrounding online purchases with a discussion document about GST. However, the document is focused on digital goods for now, not physical ones – leaving some feeling a bit perturbed about where priorities lie.
Prime Minister John Key says closing the GST loophole is a matter of when, not if, as New Zealand officials are working closely with Australian officials. He says the GST threshold is going to have to come down to ensure there’s an even playing field
There’s been a renewed push in Australia to take the GST-free threshold on imported parcels down to A$20 from A$1000. This follows on from the “Netflix” tax imposed earlier this year on digital exports.