PKF Carr & Stanton, Hastings, New Zealand
06 Dec 2018
The Government has announced legislation providing for new GST rules on low-value imported goods. The proposed changes will have effect from 1 October 2019. Offshore suppliers and re-deliverers will be required to register for GST if their total taxable supplies to NZ consumers exceeds $60,000 per year. Registered offshore suppliers will be required to collect and return NZ GST on goods valued at or below $1,000 supplied to consumers in NZ. Customs will continue to collect GST and other duty at the border on goods valued over $1,000, unless the offshore supplier has already collected the GST from the consumer at the point of sale. Under the current rules GST on imported goods is collected by NZ Customs at the border, with a concession from GST if the total duty value (including GST, tariffs and other duties) does not exceed $60. The new rules are similar to those introduced by Australia last year. See the below IRD link for more information on the GST changes:
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