Tax Alert 

GST on low-value imported goods: Details of proposed regime released

Following consultation earlier in 2018, details were released on 18 October 2018 on the proposed GST regime for non-residents supplying “low-value goods” to New Zealand consumers. While many aspects of the proposals remain the same as originally proposed, a major change is the proposal to apply the rules to all consignments of goods costing NZD 1,000 or less (as compared to the originally proposed threshold of NZD 400).

While legislation will not be introduced into Parliament until November 2018, there is still a commitment to have the regime apply from 1 October 2019. The new rules will apply to offshore suppliers that make supplies (or expect to make supplies) of goods to New Zealand consumers of NZD 60,000 or more in a 12-month period. Electronic marketplaces and "re-deliverers" also will have a requirement to register and comply with the new rules.

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Also in this issue

• GST on low-value imported goods: Details of proposed regime released

• R&D Tax Incentive Bill introduced to Parliament

• Multilateral Convention enters into force in respect of New Zealand

• A Snapshot of Recent Developments