[June 10, 2019] The New Zealand Parliament is considering proposed changes to the GST rules for importers of “low-value” goods supplied to New Zealand consumers. Under the omnibus tax reform bill, offshore suppliers, which includes online marketplace sellers, that sell goods that are valued at or below NZD 1,000 into New Zealand, will be required to register for and collect the New Zealand GST starting December 1, 2019.
This proposal was first introduced to Parliament during the 2018 Session; however, the bill is now actively being amended and argued in the Finance and Expenditure Committee, with a stated intent to pass the bill this year with an effective date of December 1st, 2019. Four more Parliamentary process steps are required before this proposal would become law. Further details and language of the proposed bill can be seen on the New Zealand Parliament’s website, here.
