- New Zealand is introducing new GST collection obligations on the gig and sharing economy from April 1, 2024
- Online marketplaces must collect and return GST on services like short-stay accommodation, ride-sharing, and food delivery
- GST also applies to closely connected services facilitated through marketplace operators
- A new flat-rate credit scheme is being introduced to minimize compliance costs for sellers not registered for GST
- Marketplace operators will collect GST at the standard 15 percent rate and pass on 8.5 percent to non-GST registered sellers
Source: answerconnect.cch.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.
