New Zealand Inland Revenue has announced the launch of proposals for offshore suppliers of low-value goods to New Zealand consumers to collect and return GST on those goods. Key points include:
- Offshore suppliers would be required to register, collect and return GST on supplies of goods to New Zealand consumers if the value of the goods is NZD 400 or less. Tariffs and cost recovery charges would no longer be collected on goods valued at or below this value, while imported goods with a value…