- New offshore gaming duty at a rate of 12% for remote gambling supplied to New Zealand residents
- GST platform economy rules in effect on 1 April 2024
- Transitional rule for electronic marketplace operators for short-stay or visitor accommodation contracts entered before 1 April 2024
- Amendment Paper released by New Zealand Minister of Revenue making changes to Taxation Bill
- Offshore gaming duty applies to GST-registered persons outside New Zealand supplying remote gambling services to New Zealand residents
- Offshore gaming duty rules align with existing rules for GST on remote services
- Taxable base for new duty excludes consumption charges on sports and racing betting
- GST Act 1985 amended to include transitional provision for accommodation contracts entered before 1 April 2024
- Electronic marketplace operators allowed to exclude these contracts from GST platform economy rules
Source: globaltaxnews.ey.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.
