New Zealand Government Reinstates Digital Services Tax Bill After General Election

• The New Zealand Government has reinstated the Digital Services Tax Bill.
• The bill proposes a 3% digital services tax if progress is not made on the OECD’s Two-Pillar multilateral solution.
• The proposed application date is 1 January 2025, but it could be deferred by up to five years.
• The bill serves as a backstop if a multilateral solution cannot be implemented.
• The timeframe for enactment of the bill is unclear.
• The bill was introduced before the General Election and has now been reinstated.
• Amendments to the bill are expected as it progresses through the Select Committee phase.
• More details will emerge in 2024 as the bill progresses through the legislative process.
• The bill has not yet been referred to Select Committee for public submissions.

Source: globaltaxnews.ey.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.

---

---