- Criteria set for when accommodation suppliers can opt-out of electronic marketplace rules
- Applies to hostels and motels registered for GST by 1 April 2024
- Must exceed GST registration threshold of $60,000 in supplies
- Applies to those supplying through both electronic marketplaces and directly
- For those unable to meet statutory opt-out thresholds
- Effective for taxable periods from 1 April 2025 to 31 March 2028
- Replaces previous determination DET 24/02
- Opt-out agreement possible if registered by 1 April 2024 and not cancelled
- Must be required to register under section 51(1) of the Act
- Must not meet requirements of sections 60C(2BE) or 60C(2BF)
- Must supply accommodation services in hostels or motels
- Accommodation must be available on electronic marketplaces and directly with supplier
Source: taxtechnical.ird.govt.nz
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.
