Tax net tightens on offshore purchases, with video, music first in government's GST sights

Mon, 16 Nov 2015

By Jonathan Underhill Nov. 16 (BusinessDesk) - The government has introduced a bill to tax online services purchased overseas, including videos, music, software and e-books, the first step in efforts to capture an estimated $180 million of goods and services tax lost when Kiwis shop outside New Zealand. The Taxation (Residential Land Withholding Tax, GST on Online Services, and Student Loans) Bill will apply GST to cross-border "remote" services and intangibles supplied by offshore suppliers to New Zealand resident consumers, said Revenue...

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