Quote:
Originally Posted by HarryT
Multinational companies like Kobo are used to dealing with national tax systems. I'm sure that they will comply with the law. They already have systems in place to charge VAT to customers in the EU, so as far as their store is concerned it's probably little more than adding NZ to the list of countries where customers are charged sales tax.
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Of course, that is obvious to all, as will other large international suppliers foreign to NZ.
My point, apparently missed by you as being so, is that the choice to pay is voluntary and many will not.
Quote:
Originally Posted by Fbone
How would a retailer know if they, in the future, will have NZ$60,000 in sales for the year?
Is the first 60k GST free then it's added when they reach the threshold?
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One can assume that it will work the same as for domestic suppliers where one is (essentially) required to register for GST when sales exceed the NZD60,000. Simpler return compliance requirements than for domestic suppliers are likely for foreign suppliers.