- New Zealand adopted the Digital Services Tax (DST) Act in 2023
- DST targets large digital services companies, mainly US-based
- Enforcement date initially set for January 1, 2025
- DST applies to multinational companies with specific revenue thresholds
- Companies exceeding thresholds must register and file annual DST returns
- Uncertainties exist about the enactment of the DST Act
- Reasons for possible postponement include OECD’s Pillar One agreement and potential US trade retaliation
- New Zealand government’s decision on implementing DST remains unclear
- No official statements issued regarding the effective date of the DST Act
Source: vatabout.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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