New Zealand Inland Revenue has announced proposed rules for GST on low-value imported goods. The proposals follow a consultation held earlier in the year and include:
- Offshore suppliers would be required to register, collect, and return New Zealand GST on goods valued at or below NZD 1,000 supplied to consumers in New Zealand;
- The rules would apply when the good is outside New Zealand at the time of supply and is delivered to a New Zealand address;
- Offshore suppliers would be required to re…