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

  • enacted
54 Section 15 amended (Taxable periods)

(1)

After section 15(5), insert:

(6)

Despite subsections (1) to (4), the taxable period of a non-resident supplier whose only supplies are supplies of remote services to which section 8(3)(c) applies, is a 6-month period. However, the supplier may apply to the Commissioner to pay on the basis of a 2-month period.

(2)

Replace section 15(6), as inserted by subsection (1), with:

(6)

Despite subsections (1) to (4), the taxable period of a non-resident supplier whose only supplies are supplies of remote services to which section 8(3)(c) applies, is a 3-month period, based on a first quarter ending on 31 March.