Kiwi SMBS “deserve better” as Govt drags feet on GST
While this a positive step in fixing a loophole, “as usual, National hasn’t done it properly.”
While this a positive step in fixing a loophole, “as usual, National hasn’t done it properly.”
“There will be plenty of non-resident suppliers who won’t bother to comply, or may even choose not to deal with New Zealand customers."
The lowering of the GST threshold on overseas purchases is likely to have a positive impact on small businesses, however...
“This document is an important first step in dealing with the increasing volume of purchases that should, under New Zealand’s tax rules, be subject to GST."
Inland Revenue is beginning work to explore allowing online third-party accounting software to integrate with the GST returns system.