More pressure from retailers for the Government to remove the iow value import threshold for goods. http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11171599
This isn’t going to go away. It’s part of the wider debate on how to tax the digital economy. I think faster progress is required. Other countries including the EU, US, South Africa and most of the OECD already tax digital goods and services, softward, books, movies, music, hosting services and more. New Zealand does not unless the purchaser acquires more than $60,000 worth in a 12 month period.
New Zealand has moved a step closer with a new GST registration system for non-residents whcih comes into force in April 2014. If changes are made to the “place of supply” rules for services and enforcement issues are dealt with there’s a lot of revenue potential for the Government. The cost of administering a reduction in the low value import threshold for goods will seem tiny in comparison.
http://iainblakeley.com/wp-content/uploads/2017/01/name-1-300x72.png00Iain Blakeleyhttp://iainblakeley.com/wp-content/uploads/2017/01/name-1-300x72.pngIain Blakeley2013-12-13 09:02:482013-12-13 09:02:48At least it's a start
Barrister, Director and Consultant specialising in tax, family enterprise governance and succession, helping start ups and entrepreneurial enterprises grow safely and international expert on value added tax policy and implementation.