- New Zealand’s Inland Revenue has released guidance on changes to the collection of GST by online marketplace operators for listed services, effective from 1 April 2024.
- The country is also implementing OECD model reporting standards for online marketplace operators from 1 January 2024.
- The Taxation (Annual Rates for 2022–23, Platform Economy, and Remedial Matters) Act 2023 introduced the new collection and reporting requirements.
- From 1 April, online marketplace operators must collect and return GST of 15% on the sale of listed services, including ride-sharing, food delivery, and visitor accommodation.
- Non-GST registered marketplace operators must register for GST if their total sales exceed NZD60,000 in a 12-month period.
- Sellers who are not GST-registered can participate in a new GST flat rate credit scheme from 1 April 2024.
- Online marketplace operators must collect and report information about sellers who provide services through their marketplace from 1 January.
Source Orbitax
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