VAT Live reported on 21st October that New Zealand has proposed scrapping the Goods and Services Tax (GST) and customs duty low-value consignment relief of $1,000. It will be requiring foreign e-commerce traders selling goods to local consumers to VAT register once their annual sales crossed a $600,000 threshold. Supplies to businesses will remain zero-rated. The aim is to ensure non-resident online sellers and marketplaces do not have an unfair tax subsidy compared to local online and bricks-and-mortar retailers. Australia did so in July 2018, and the EU is planning to withdraw its €22 VAT exemption in 2021.
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