- Determination sets criteria for opt-out agreement for accommodation suppliers through electronic marketplaces
- Applies to hostels and motels registered for GST before April 1, 2024
- Criteria includes exceeding GST registration threshold and making supplies through electronic marketplace and directly to recipients
- Determination applies from May 21, 2024 for taxable periods starting on or after April 1, 2024
- Underlying suppliers can enter into opt-out agreement if they meet specific criteria outlined in the determination
- Commentary provided for better understanding and application of the determination
- Act includes rules for GST on listed services supplied through electronic marketplaces, including taxable accommodation services in New Zealand
Source: taxtechnical.ird.govt.nz
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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