Recorded conversation took place on
Wednesday 5th December 2018.
Like most taxing jurisdictions around the globe, NZ has a consumption based sales tax, known as GST (VAT equivalent in other countries), which has been in existence since 1986. Up until recently, usually only supplies of goods or services made in NZ, had the potential to be subject to GST, and there were a number of legislative provisions in this regard, which assisted in determining whether a supply was being made inside or outside of NZ.
In an attempt to address these issues, we have seen the introduction of the so-called “Netflix tax” effective from 1st October 2016, and working its way through the legislative process presently, we are very likely to see the introduction of the so-called “Amazon tax” from 1st October 2019.
Richard Ashby, our international tax specialist, will be explaining the taxes, how they affect business in New Zealand and can answer any questions you might have. Feel free to email them to firstname.lastname@example.org.