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
The new EU VAT e-commerce package – Implications for...
From 1 July 2021, low-value consignments of €22 or less imported into the European Union (EU) will no longer be exempt from import VAT. Instead, VAT will be...
SEE MORE
LATEST NEWS
The new EU VAT e-commerce package – Implications for...
From 1 July 2021, the European Union’s (EU) e-commerce reform will be introduced, which will include the withdrawal of the current VAT distance selling...
SEE MORE
LATEST NEWS
Separate EORI number for Northern Ireland required
HMRC have recently confirmed that businesses who import and export goods from Northern Ireland (NI) will need a special Economic Operator Identification Number...
SEE MORE