Kiwis to pay more for online shopping from today as overseas retailers made to collect GST in New Zealand
Offshore retailers selling products in New Zealand costing less than $1000 are now required to collect and pay GST. The rule applies to businesses selling goods online in the country worth more than $60,000 annually. The changes - announced in June by the Revenue Minister Stuart Nash - are intended to level the playing field for domestic retailers. Mr Nash said all New Zealand businesses had long been required to collect GST, and now offshore retailers would have to as well. Closing the tax loophole is expected to bring in roughly $130 million in revenue each year, by 2022. According to Consumer NZ estimates the changes would mean products under $400 will become more expensive, while those valued between $400 and $1000 would cost consumers a little less.
=========================================================
Poll: Should the government levy industries that contribute to financial hardship?
As reported in the Post, there’s a $30 million funding gap in financial mentoring. This has led to services closing and mentors stepping in unpaid just to keep helping people in need 🪙💰🪙
One proposed solution? Small levies on industries that profit from financial hardship — like banks, casinos, and similar companies.
So we want to hear what you think:
Should the government ask these industries to contribute?
-
59.3% Yes, supporting people is important!
-
25.4% No, individuals should take responsibility
-
15.3% ... It is complicated
A Neighbourly Riddle! Don’t Overthink It… Or Do?😜
Do you think you know the answer? Simply 'Like' this post if you know the answer and the big reveal will be posted in the comments at 2pm on the day!
If you multiply this number by any other number, the answer will always be the same. What number is this?
BLOCKHOUSE BAY COMMUNITY MARKET THIS SATURDAY MORNING!
1st MARKET BACK FOR 2O26! WE'RE BACK AND WILL BE AT GREENBAY COMMUNITY CENTRE BEHIND NEW WORLD OR ON BARRON RD OFF VARDON RD AS BHB CENTRE IS HAVING AN UPGRADE. CANT WAIT TO SEE YOU THERE!
Loading…
