26.11.2018

New Zealand: Proposed new GST Rules

The New Zealand Government has proposed new GST rules for low-value imports.

 New Zealand GST Rules


The proposal released includes the new rules for the GST regarding low-value imported goods.

According to the proposed rules, all foreign established suppliers will have to register and charge GST for goods ordered online by New Zealand customers where their value is NZD 1,000, or below. In order to diminish compliance and administration cost customs duty, border security and biosecurity fees will be removed (excluded).

Since 2016 New Zealand GST has been applied to the digital products bought from overseas suppliers and if the new proposed rules are adopted, the regime will be extended to goods.

In relation to all of the imported goods above NZD 1,000, customs will be responsible for the collection of the GST.

The expected effective date of the new rules is 1st October 2019.

If you are concerned about how this update may affect your business, contact our VAT & GST  experts now!

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We know that Indirect taxes such as VAT and GST can have a huge effect on your business. As VAT rates change sporadically keeping yourself informed can be difficult.  Compliance is always crucial. That’s why our Indirect Tax Experts share their hand-picked news stories every day that you need to know. From breaking news to VAT changes and new EU legislation. We know that relevant information means better decision making. We aim to be your number 1 source for VAT and GST news.

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