The New Zealand Government has finally announced the start date for GST (at 15%) on low value imported goods to be 1 December 2019. The low value goods threshold is NZD 1,000 and the annual GST registration threshold is NZD 60,000. The law is likely to be passed in July and this does not give impacted sellers and platforms a lot of time to prepare. PwC NZ ITX practice has prepared the attached 2-page summary of key decision points. Inland Revenue will release more detailed guidance in July.
Contact: Eugen Trombitas (PwC NZ) at firstname.lastname@example.org