Government will 'absolutely' ensure GST is paid on internet shopping purchases

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NZ Ready is a free online tool to help you plan your move to New Zealand, ensuring you know how things work here and have a hassle-free move. In most cases you'll need a job offer to support your work visa - so your first task will be finding a job.

If you're an entrepreneur or investor looking to create positive global impact, our new Global Impact Visa GIVs could be for you. Tax is one of those inescapable facts of life, even in New Zealand. As well as simplicity, our tax system has the major attractions of predictability, fairness and a minimum of loopholes.

Tax is a complex area, and this information is only a summary. For more detailed information you can seek professional advice. Not everyone in New Zealand needs to put in a personal tax return, but it is up to you to find out if you need to.

The tax year runs from 1 April to 31 March. There are other circumstances under which you must file a return, check them out on the Inland Revenue website. Do you need to file a return? International tax Inland Revenue. Top 10 facts on international tax Inland Revenue. There are also regular workshops you can attend to learn more about business taxes in New Zealand. Businesses and employers Inland Revenue. Business tax workshops and instructional videos Inland Revenue.

At the other end of the scale, the tax rate is Businesses can recover the GST they pay as an input cost. A flat rate GST is simpler than the systems used in many other countries where similar taxes are applied at confusingly different levels for different products and services. Temporary tax exemption on foreign income Inland Revenue.

You might find yourself a tax resident in New Zealand as well as somewhere else. New Zealand minimises that possibility by providing credits for tax paid overseas on income that is also subject to New Zealand tax. Double tax trading online new zealand shopping tax Inland Revenue. Social security and health: Motorists pay a levy with their annual car registration. Employers pay insurance cover based on industry risk. Little tax relief on contributions to New Zealand retirement schemes, but saving is not compulsory.

Tax paid at normal income levels at source but distributions are tax free. No mortgage interest tax benefits except for investment property. Paid by employer, up to a rate of FBT is tax deductible so employer cost is effectively the same trading online new zealand shopping tax paying cash remuneration. Excise tax paid trading online new zealand shopping tax petrol, tobacco, alcohol.

What it costs to live in New Zealand may be quite different to trading online new zealand shopping tax home country. How it compares depends on where you are coming from and what part of New Zealand you settle in. Our employment laws help keep workplaces fair. Know your responsibilities and rights. Your feedback is very important in helping us improve the New Trading online new zealand shopping tax Now website. Skip to main content.

Move to New Zealand. NZ Ready planning tool NZ Ready is a free online tool to help you plan your move to New Zealand, ensuring you know how things work here and have a hassle-free move. Live in New Zealand. Work in New Zealand. Study in New Zealand. Invest and innovate in New Zealand. Capital gains Capital gains: Dividends Imputation system to avoid double tax.

Gift duty Not since Tax on savings Little tax relief on contributions to New Zealand retirement schemes, but saving is not compulsory. Fringe benefit tax Paid by employer, up to a rate of Is there anything wrong with this page? What is wrong with this page?

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An insight to trading and selling on online auction sites in New Zealand - what you need to know about the personal income you earn over the internet. Should you be paying tax on your online income? These days, the majority of us buy goods online traders and often sell stuff as well.

Online trading is usually a weekend hobby or a way to fill in time between television shows. But as a seller on these websites, you could unknowingly be avoiding your tax requirements. If you are selling items online as a business opportunity, your tax obligations are the same as if you were selling out of a shop.

There are two main factors that decide if you should be paying tax on your online income. Importing goods for resale could be deemed a business. If you buy or import goods to sell online, you must declare the tax on your profits.

You will be able to deduct certain expenses that went towards the resale, including advertising, postage if not included in the cost and any expenses incurred in the original purchase. On the other hand, if you are selling your old couch, or anything else which you no longer need, you do not have to pay tax. If the object was for personal use and not purchased specifically to sell, you are not obligated to pay tax on the resale.

If you are an online trader, or just sometimes buy and sell online and would like to know more about your online tax obligations, speak to a New Zealand tax agent, or to the Inland Revenue Department. Should I pay tax on my Trade Me sales? Recent Posts Tax Changes effective on 1 April Phishing and other scams. Latest phishing scam using Inland Revenue's name. How your New Zealand income tax rate may change over time. Are Kiwis paying the highest sales tax in the world? Working for Families Tax Credits — are you eligible?

Which is the first country in the world to pay income tax? Tax Credit Support for Working Parents. Could you receive a refund during the annual New Zealand tax refund season?