New Zealand: Introduced amendment to taxation bill including Offshore Gaming Duty and GST Provisions

On 14 March 2024, the New Zealand Parliament introduced an amendment to the Taxation (Annual Rates for 2023-24, Multinational Tax, and Remedial Matters) Bill. This amendment introduces a new offshore gaming duty at a rate of 12% for remote gambling services supplied to New Zealand residents by GST-registered entities located outside the country. Additionally, it amends the goods and services tax (GST) rules for the platform economy, specifically targeting digital payment providers and e-commerce platforms. These changes aim to ensure that digital services are taxed fairly, aligning with New Zealand's tax legislation.