Govt raises GST threshold for online shopping

Wed, 17 Oct 2018

By Paul McBeth Oct. 18 (BusinessDesk) - Revenue Minister Stuart Nash will introduce legislation next month to impose a goods and services tax on small online retail purchases. The government signalled the plan to extend GST to online purchases from October next year, but today lifted the value threshold at which sales are captured to $1,000 from the $400 initially announced. The new regime will also require overseas retailers to register and collect GST if total sales to New Zealand consumers exceeds $60,000 a year. Nash said the ste...

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