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

  • enacted
60B Section 51 amended (Persons making supplies in course of taxable activity to be registered)

After section 51(1B), insert:

(1C)

For the purposes of subsection (1), if the person is a non-resident supplier of remote services to which section 8(3)(c) applies, then in determining whether the person is liable to be registered, the person may use a fair and reasonable method of converting foreign currency amounts into New Zealand currency amounts.