
From 1 October 2016, non-resident companies selling more than $60,000 of goods and services to New Zealand consumers will be required to collect 15% GST on sales. Previously only companies resident in New Zealand were required to collect GST, although imported physical goods over $400 were taxed at the border.
GST law change for non-resident businesses supplying remote services [IRD]
'Netflix tax' to take effect from tomorrow [NZ Herald]
Quote:
Under previous law, the Government was missing out on $180 million a year by not collecting GST on online purchases, including $40 million from shopping on iTunes, Netflix, Spotify and other online services.
|
GST Move Good for Big Kiwi Tech Firms But Government Still Missing Out on Revenue [Booksellers NZ]
briefly checking some prices on Kobo, it appears that ebooks by small- and self-publishers have increased by exactly 15% overnight, but no change to prices of some big publishers such as Hachette, HarperCollins, and Macmillan UK who are perhaps absorbing the GST to maintain their price points.