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
Bahrain increases VAT rate to 10%
From 1 January 2022, Bahrain has announced that it will increase its VAT rate from 5% to 10%. This VAT rate increase is being introduced to re-stabilise the...
SEE MORE
LATEST NEWS
UPDATE: Bulgaria extends the VAT rate reduction to 9%...
The Bulgarian tax authorities have confirmed that the VAT rate applicable on the following goods and services will remain at 9% until after the COVID-19...
SEE MORE
LATEST NEWS
New German coalition government announces intention to...
The German government has announced that it intends to implement a mandatory B2B e-invoicing regime in the country. The new voluntary regime will allow...
SEE MORE