VAT news tagged as "Non-resident retailers"


New Zealand joins Australia with review of GST on foreign internet purchases

October 4th, 2013

New Zealand is to review the exemption from its Goods & Sales Tax (GST) on online purchases by consumers from foreign websites.  Currently, there is an exemption of NZD 400 per transaction from GST and duties.  It is estimated that New Zealand is losing NZD 175m per annum because of the tax loophole. Australia is …