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