New Zealand Inland Revenue has published a special report on GST on low-value imported goods. The special report provides an overview of the key features of the new rules, as well as a detailed analysis with several examples. The following includes some of the key features provided in the report.
Scope of the new GST rules
From 1 December 2019, GST will apply to "distantly taxable goods" – generally low-value imported goods supplied by non-resident merchants to New Zealand consumers. Th…