Kiwis will have to pay GST on internet shopping purchases they make from overseas, Revenue Minister Stuart Nash has confirmed.
Retail NZ spokesman Greg Harford said confirmation of a so-called “Amazon tax” was “outstanding news” for the retail sector.
The retail lobby group has estimated the change would bring in $235 million a year in tax, rising to $935m within nine years because of the growth of internet shopping.
At the moment, most items costing less than $400 can be bought tax-free from overseas, unless they are items which also attract duty, in which case the threshold can fall to $240.
from Ellie NZ Rss http://www.stuff.co.nz/business/98894073/Government-will-absolutely-ensure-GST-is-paid-on-internet-shopping-purchases
from
https://ellieplume83.wordpress.com/2017/11/14/government-will-absolutely-ensure-gst-is-paid-on-internet-shopping-purchases/
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