16 Nov 2015

Govt plans to introduce new GST law

4:53 pm on 16 November 2015

The government plans to introduce a new tax on goods and services bought online.

GST invoice

Photo: 123RF

The amount of GST not collected through online buying is valued at about $180 million a year.

Revenue Minister Todd McClay said overseas suppliers should not get an advantage over local businesses.

The law change would apply GST to items such as e-books, music videos and software purchased from overseas websites.

Offshore suppliers would have to register and return GST when their supplies of remote services to New Zealand residents exceeded $60,000 a year, Mr McClay said.

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