New Zealand Inland Revenue has announced that legislation for the introduction of new rules for GST on low-value imported goods has been introduced in Parliament. The new rules include requirements for offshore suppliers to register, collect, and return New Zealand GST on goods valued at or below NZD 1,000 when supplied to consumers in New Zealand ({News-2018-10-19/P/4-previous coverage}).
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The Taxation (Annual Rates for 2019–20, GST Offshore Supplier Registration, and Remedial Matters)…