- Digital platforms in New Zealand are now required to pay GST on listed services such as ridesharing, food delivery, and short-stay accommodation
- Concerns were raised about eroding the GST base and competitive distortions between direct suppliers and platform operators
- The rules were legislated in the Taxation Act of 2023 and came into effect on 1 April 2024
- Sellers who are not GST-registered will receive a flat-rate credit of 8.5% of the GST collected back from the platform
- The rules are here to stay, and sellers need to be aware of the implications and how they can claim back GST costs on taxable supplies.
Source: taxathand.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.
