New Zealand – Update on proposed new GST implications for foreign B2C e-service providers as of 1 October 2016

In accordance with our posts (here and here) on the new GST rules proposed to be effective form 1 October 2016 we would like to update you that PwC New Zealand has recently been advised by New Zealand Inland Revenue Policy that the standard legislative process will not be followed and the passage of the law will be accelerated.

As next step it is expected that the proposed draft legislation will be passed by the New Zealand Parliament under urgency in April 2016. We do not expect major changes to the draft law so businesses can already start / continue with their preparation for the new rules now. For convenience, please see below updated timeline until the go live date of 1 October 2016.

(Click on the picture for larger view.)

ebiz-NZ-timeline-for-B2C-GST-reg-Mar 2016 update

 

 

 

 

 

 

 

 

If you need any further information on the rules please contact Eugen Trombitas (Partner, PwC New Zealand) or me.

About Andras Salanki

Manager PwC Switzerland email: andras.salanki@ch.pwc.com Office: +41587924536

Andras Salanki is an international VAT advisor with 7 years of relevant professional experience. He spent one year on secondment in California, US, where he advised US multinationals on global VAT projects and also gained experience with IT and Internet companies based in the Silicon Valley.