31 May 2016
The New Zealand Government has now passed a bill which will impose the charge of 15% GST on e-services provided to consumers from foreign providers.
At present, non-resident businesses providing digital services in New Zealand do not have to charge GST on their sales. However, in an effort to remove the unfair advantage that this gives to non-resident companies over New Zealand resident providers, the New Zealand Government has confirmed that GST at 15% will be applied on these types of transactions from 1 October 2016.
This new tax will be applied to a range of electronic services including streaming games, music, apps, films, e-books, e-journals and internet services.
LATEST NEWS
Lithuania cuts hospitality VAT to 9% until 31 December...
Lithuania will cut the VAT rate applicable to hospitality, sporting, and cultural services from the standard VAT rate of 21% to the reduced rate of 9%. To...
SEE MORE
LATEST NEWS
Belgium to cut e-book VAT rate from 1 January 2022
From 1 January 2022, the Belgium tax authorities have confirmed that the VAT rate on the sale of e-books, e-manuals, e-newspapers, and e-magazines sold online...
SEE MORE
LATEST NEWS
Ukraine to apply VAT on digital services from January...
From 1 January 2022, Ukraine will impose VAT at 20% on the sale of e-services to local consumers by non-resident businesses. At present, non-resident...
SEE MORE