New Zealand Tax Agency Clarifies Proposed Changes to GST Rules on Listed Services

The New Zealand Inland Revenue March 10 clarified proposed changes to the GST rules on listed services. The clarification includes that: 1) the rules apply to online marketplaces, listing intermediaries, and ride-sharing, food and beverage delivery, and short-stay and visitor accommodation services providers; 2) online marketplaces and listing intermediaries may only claim a credit adjustment for flat-rate credits passed onto sellers if they keep a record of the seller’s name, IRD number, and GST registration status; 3) accounting for GST on accommodations can’t exceed seven days after the check-out date; 4) online marketplaces must provide taxable supply information to recipients ...