- Inland Revenue Department issued a determination on opt-out agreements for accommodation suppliers through electronic marketplaces
- New Zealand and offshore online marketplaces required to collect and return GST on certain services performed in New Zealand
- GST applies to closely connected services facilitated through marketplace operators
- Certain underlying suppliers can opt-out of marketplace rules if they meet criteria
- Criteria for opting out includes making taxable supplies exceeding NZD500,000 in a 12-month period and having at least 2,000 nights of accommodation listed
- Hostels and motels can opt out if registered for GST before April 1, 2024, turnover exceeds NZD60,000, and make supplies through electronic marketplace and directly to recipients of accommodation services.
Source: answerconnect.cch.com
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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