Booksellers await 'overdue' paper on tax-free offshore purchases

Fri, 13 Jun 2014

By Suze Metherell June 13 (BusinessDesk) - The national lobby for booksellers say minister of revenue Todd McClay is late in delivering a discussion paper on extending the tax on overseas purchases that undercut local retailers meeting their obligations to the Inland Revenue Department. McClay said last November that he'd release a discussion paper on treatment of overseas online retailers for goods and services tax, but the work was merged into a wider review of the tax system. Currently goods bought overseas attract GST, depending on t...

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