- New Zealand government enacted Taxation Act 2023 for indirect taxation of Platform economy
- Changes applicable from April 2024
- GST Act introduced deemed supplier model for digital marketplaces in 2019
- Latest change in GST Act last year introduced deemed supplier concept for digital marketplaces providing facilitation services
- Amendments to GST Act effective from April 1, 2024
- Digital marketplace considered seller for listed services from April 1, 2024
- Digital marketplace responsible for collecting and remitting GST for listed services
- Deemed supplier concept covers both domestic and foreign digital marketplaces
- Digital marketplace should register for GST when threshold is reached
- GST rules only apply if listed service is performed, received, or provided in New Zealand.
Source: 1stopvat.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
