Taxation (Residential Land Withholding Tax, GST on Online Services, and Student Loans) Bill

  • enacted
47 Section 2 amended (Interpretation)

(1)

This section amends section 2.

(2)

In the definition of adjustment period, replace “(3J)” with “(3J) and (3JC).

(3)

Insert in the appropriate alphabetical order:

electronic marketplace

(a)

means a marketplace that is operated by electronic means through which a person (the underlying supplier) makes a supply of remote services by electronic means through another person (the operator of the marketplace) to a third person (the recipient); and

(b)

includes a website, internet portal, gateway, store, distribution platform, or other similar marketplace; and

(c)

does not include a marketplace that solely processes payments

(4)

In the definition of goods, delete “by a non-resident to a resident”.

(4B)

Insert in the appropriate alphabetical order:

marketplace means

(a)

an electronic marketplace:

(b)

a marketplace approved under section 60D as a supplier of remote services

(5)

In the definition of percentage actual use, replace “9(2)(h),” with “9(2)(h), 20(3JC), 20G,”.

(6)

In the definition of percentage difference, replace “sections 21” with “sections 20G and 21”.

(7)

In the definition of percentage intended use, replace “20(3H),” with “20(3H), 20(3JC), 20G,”.

(8)

Insert in the appropriate alphabetical order:

remote services means a service that, at the time of the performance of the service, has no necessary connection between—

(a)

the place where the service is physically performed; and

(b)

the location of the recipient of the services