New GST Rules

IRD are in the process of making new GST rules that will require overseas companies to collect GST for low-valued imported goods. This means that overseas companies would have to register, collect and return NZ GST on goods that are valued under $1000 that are brought from New Zealand consumers. These changes are expected to take place from October 1st 2019. For more information, check out IRD's fact sheet at http://taxpolicy.ird.govt.nz/p...