- New Zealand Inland Revenue clarified proposed changes to GST rules on listed services.
- Rules apply to online marketplaces, listing intermediaries, ride-sharing, food and beverage delivery, and short-stay and visitor accommodation services providers.
- Online marketplaces and listing intermediaries can only claim a credit adjustment for flat-rate credits passed onto sellers if they keep a record of the seller’s name, IRD number, and GST registration status.
- Accounting for GST on accommodations can’t exceed seven days after the check-out date.
- Online marketplaces must provide taxable supply information to recipients of listed services within 28 days of the time of supply, with exceptions.
- Accommodation owners using a listing intermediary and making more than NZ$500,000 in annual supplies must notify the listing intermediary regarding their decision to opt out of the marketplace rules.
Source: news.bloombergtax.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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