New Zealand: GST on remote services, residential land | KPMG | GLOBAL

New Zealand: GST on remote services, residential land withholding tax

New Zealand: GST on remote services, residential land

Two 2015 tax bills have been reported back from the Finance and Expenditure Select Committee of Parliament with a number of changes.


Related content

  • The first bill concerns goods and services tax (GST) with respect to non-resident supplies of “remote services” (e.g., digital content) to New Zealand consumers and a residential land withholding tax on the sale of land within two years by “offshore persons.”
  • The second bill introduces a framework for information sharing and taxpayer communication under Inland Revenue’s business transformation proposals and new rules for deducting tax on employee share plan or scheme benefits. 

Among the changes made during the parliamentary process are measures providing that land developers that are offshore persons may be able to apply for an exemption certificate from the withholding tax. Also, an offshore person will not need a New Zealand bank account, to get an Inland Revenue Department (IRD) number, if they have already been subject to New Zealand anti-money laundering verification or are non-resident suppliers registering solely for GST. 


Read a March 2016 report [PDF 597 KB] prepared by the KPMG member firm in New Zealand

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Request for proposal