New Zealand: Online Shopping Tax Exemption Policy Will Soon Be Gone.

stay New Zealand As long as the value of the merchandise is less than US $400, the purchase of goods and services tax will not be required, but the tax law will soon change. The New Zealand government hopes to increase the tax revenue and safeguard the interests of the traditional retailers.

In March 17th, it was learned that the good days without shopping for goods and services tax through overseas websites will soon be gone.

At present, new Zealanders do not pay 15% of their goods through overseas websites. Service tax The premise is that the value of the merchandise purchased is below US $400.

However, New Zealand Prime Minister John Key said today that this tax law will change during the current term of Parliament, and that the tax law will change in the future.

Any legislation that changes the way of levying goods and services will be supported by cross party support. The New Zealand Labour Party also today supports the change of the online shopping tax law.

John Key said: "this will require American leisure fashion brands. Gap Such overseas retailers agree with New Zealand's new tax provisions, and the risk that New Zealand needs to bear alone is that some retailers may be reluctant to accept this change. Therefore, I hope that the organization for economic cooperation and development can ask countries to make changes at the same time.

He said change is necessary because young people are increasingly inclined to shop online, and the government's tax base is less.

He said he was not sure how much tax revenue the online shopping had caused the government to lose, but after repeated questioning, John Key said it should be more than $200 million a year, and this data is on the rise.

"All retailers should pay the goods and services tax. The current loopholes in online shopping are unfair to traditional retailers who own physical stores. They not only have to pay taxes, but also create many jobs for New Zealand." He said.