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Old 09-30-2016, 09:41 PM   #1
GeoffR
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Join Date: Nov 2012
Location: Te Riu-a-Māui
Device: Kobo Glo
New Zealand adds 15% GST to (some) ebooks from today

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.

Last edited by GeoffR; 09-30-2016 at 11:34 PM. Reason: Added Booksellers NZ link
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