Special report: GST on online services

This special report provides early information on new rules applying to purchases by New Zealand residents, of services and other intangibles such as music, videos and software, bought from non-resident suppliers. The new rules come into force on 1 October 2016, and are part of the Taxation (Residential Land Withholding Tax, GST on Online Services, and Student Loans) Bill introduced on 16 November 2015, which received Royal assent on 13 May. Full coverage of the new Act will be published in the July edition of the Tax Information Bulletin.