On 21 March 2016, the New Zealand Finance and Expenditure Committee reported back to parliament on the Taxation (Residential Land Withholding Tax, GST on Online Services, and Student Loans) Bill. The legislation includes a withholding tax (RLWT) that applies for offshore sellers (vendors) of New Zealand residential property if acquired and sold within two years, and the levy of GST at the rate of 15% on cross border supplies of online "remote" services and intangibles by offshore suppliers ({…