The New Zealand Inland Revenue Department has set out mandatory requirement for non-resident taxable persons to register for the Goods and Services Tax (GST) from 1 April 2014 if they provide local taxable supplies. The criteria to meet to register for GST are that the business concerned must be a taxable person in their country of residence and must provide annual GST taxable supplies of over NZD 60,000. Registrants must comply with GST compliance requirements such as the need to file monthly or bi-monthly or bi-annual GST returns (depending on turnover), offset allowable GST inputs and the need to charge New Zealand GST at 15%.
