If your business exceeds the 60,000 NZD threshold, then you will be required to register for, collect, and remit GST directly to New Zealand on all low-value goods. Duty and GST on high-value goods will becollected at the borderor, for simplicity andif you meet certain requirements, you...
All consignments valued at NZ$1,000 or less can be cleared on an Inward Cargo Report (ICR), a Simplified Import Declaration (SID) or an Import Declaration. ICRs and SIDs will be written off as GST paid (collected by supplier) or not required (supplier not registered for GST) unless th...
On June 26th, the GST Offshore Supplier Registration Bill was passed in New Zealand, which requires overseas vendors to charge Goods and Services Tax (GST) on low-value goods entering the country. Under this new regulation, the threshold amount for low-value goods has increased from NZD $400...
also voluntarily register for the GST below the threshold. This allows them to recover any GST entered. Non-residents can also register to claim import GST, even if they are not making taxable supplies. For some goods and services, GST is charged at 0% – these are called zero-rate delive...