Tax changes should please retailers
Waitaki MP Jacqui Dean said she believed retailers around Central and North Otago would welcome moves by the Government to tax online services purchased overseas, including videos, music, software and e-books.
“The new rules, contained in a tax bill, are about creating a level playing field for collecting GST and putting New Zealand businesses and jobs ahead of the interests of overseas suppliers.
“I have long been concerned about the implications of online shopping for local retailers, raising the issue earlier this year.
“I’m pleased that moves are now being made to address this situation, with the Government also concerned that GST is not currently charged on low-value imported goods that are below the Customs de minimus threshold.
“Customs will work through logistical issues with stakeholders before releasing a consultation document next April for public feedback on streamlining the collection of duty, including GST, on low-value imported goods.
“This is certainly another step in the process which retailers in small towns around the region will look forward to.”
Authorised by Jacqui Dean MP, 127 Thames Street, Oamaru