The government needs to enforce GST for online sales sooner rather than later, a leading tax expert says.
By 2016 the taxman could be losing $400 million annually in GST if current online sales trends continues, according to Pricewaterhouse Coopers tax partner Geof Nightingale.
“It’s a
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Rob Hosking
Thu, 11 Jul 2013
Thu, 11 Jul 2013
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
GST loophole on online sales could cost $400m a year by 2016
30741