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

  • enacted
65 Section 60 amended (Agents and auctioneers)


After section 60(1), insert:


Despite subsection (1), subsection (1AB) applies to an agent who


is resident in New Zealand; and


makes supplies of remote services to a person resident in New Zealand for and on behalf of a non-resident principal.


The principal and the agent may agree that the agent, and not the principal, is treated as making the supply in the course and furtherance of a taxable activity carried on by them.


After section 60(1B), insert:


For the purposes of sections 60C and 60D, an operator of an electronic a marketplace and a resident supplier who makes supplies of services to recipients through the marketplace may treat a supply as 2 separate supplies, being—


a supply of services from the underlying supplier to the operator of the marketplace; and


a supply of those services from the operator of the marketplace to the recipient, treating the operator as if they were the underlying supplier of the services.