- Cancellation of Digital Services Tax: On May 20, 2025, the New Zealand Government announced the decision to discontinue the Digital Services Tax (DST) Bill, which would have imposed a 3% tax on the gross revenue of large multinational entities earning income from New Zealand.
- Background of the Bill: Originally introduced by the previous government in 2023 with a proposed effective date of January 1, 2025, the DST Bill remained unenacted before Parliament following the 2023 General Election.
- Government’s Rationale: Minister of Revenue Hon Simon Watts stated that the government has been monitoring international developments and concluded that pursuing the DST Bill was unnecessary, leading to its discharge from Parliament
Source:
Latest Posts in "New Zealand"
- New Zealand Expands Definition of Taxable Activity Under GST Act in New Interpretation Statement
- New Zealand e-Invoicing Rules: What Large Suppliers Must Do to Secure Government Contracts by 2027
- Tax Status of Serviced Apartment Accommodation with Mandatory Hospitality Services in Retirement Villages
- New Zealand Consults on GST Rules for Payment Processing and Facilitation Services
- New Zealand mandates B2G e-invoicing for large suppliers from 2027
