Australia

Australia GST on foreign hotel organisers

May 11th, 2018

Australia is to impose 10% Goods and Services Tax on non-resident sellers and agents of Australian hotel accommodation. The vendors will only be liable to charge GST if they exceed the local registration threshold, currently AU$75,000 per annum. The proposal was included in the the 2018/19 Australian budget, published today. This change will come into …


New Zealand

New Zealand scraps GST import threshold 2019

May 1st, 2018

New Zealand is considering withdrawing its low-value consignment stock threshold for import Goods and Services Tax from 1 October 2019. The proposed measure would help reduce tax evasion, and level the playing field for local retailers. A public consultation has now been launched to consider the effects of the measure. Currently, goods bought from foreign online …


Australia

Australia GST on e-commerce 1 July 2018

April 26th, 2018

From 1 July 2018, 10% GST is due on all goods sold by foreign online retailers to Australian consumers. Once the non-resident e-merchant sales more than AUS$75,000 per annum, they must GST register with the Australian authorities, file and pay any tax due. It is estimated that over 3,000 foreign companies will have to register for …


Worldwide

VAT Reporting update 18.3.1

April 5th, 2018

Overview This release is a maintenance release of the VAT Reporting application for the month March. It includes changes to reports, modifications and bug fixes. Main changes in Reports We have improved the reporting of transactions with mixed flows on the PL, CZ and IT VAT Books. South Africa: standard VAT rate changed to 15% …


Guam

Guam 2% General Sales Tax 2019

April 2nd, 2018

Guam is to launch a 2% General Sales Tax on the provision of goods and services from 1 January 2019. Financial Services will be exempted from the new consumption tax.


Australia

Australia GST registrations for e-commerce July 2018

February 6th, 2018

Australia has stepped-up Goods and Services Tax registrations for non-resident companies selling goods to consumers. From 1 July 2018, Australia is withdrawing the AUS$ 1,000 low value imported goods GST and customs exemption.  This is to provide a level-playing field for tax purposes with local retailers who must charge the indirect tax. There is an …


New Zealand

New Zealand invoice requirements

January 16th, 2018

Invoice date of issue and storage New Zealand GST invoices must be issued within 28 days of the supply of the taxable supplies. They must be retained for a minimum of 7 years for inspection by the Inland Revenue. GST invoices should show the following information: Name, including trading name, and address of supplier and …


New Zealand

New Zealand GST rates and GST compliance

January 16th, 2018

New Zealand GST rates There are 3 GST rates in New Zealand: the standard, reduced and nil rates. New Zealand GST compliance In providing taxable supplies, and once GST registered, businesses are obliged to follow various compliance rules, including record keeping. These include: New Zealand tax point The tax point (time of supply) rules determine …


New Zealand

New Zealand GST returns

January 16th, 2018

Any company registered with a New Zealand GST number must submit periodic returns to the Inland Revenue. What are the returns filing and payments deadlines for New Zealand GST returns? GST returns must be submitted by the 28th of the month following the reporting period end. The payment date of any GST due is the …


New Zealand

New Zealand GST registration

January 16th, 2018

What is the New Zealand GST registration threshold Non-resident businesses providing taxable supplies in New Zealand must register if they pass the annual registration threshold. This is currently and applies both retrospectively over the past calendar year, or if a business anticipates exceeding this in the forthcoming 12 months. Businesses may also voluntarily GST register …