New Zealand has moved closer to imposing Goods and Services Tax (GST) on low-value imported goods. Parliament’s Finance and Expenditure Select Committee completed its review of the Taxation (Annual Rates for 2019-20, GST Offshore Supplier Registration, and Remedial Matters) Bill (Bill) on 31 May 2019. The Committee recommends the Bill should be enacted with some amendments, notably delaying commencement of the imposition of GST on low-value imported goods from 1 October 2019 to 1 December 2019 to allow nonresident suppliers more time to prepare.
Source EY
