GST on telecommunications services
The Minister of Revenue, Stuart Nash, announced today that the Government intends to align the GST rules on telecommunications services with OECD guidelines. An officials' issues paper released for public feedback provides technical detail for implementing the proposals.
There are full details see the issues paper and supporting information on our Tax Policy website.
Changes to the betting levy
Also announced today was a change to the betting levy. The Racing Minister, Winston Peters, announced that the levy is intended to be repealed over a three-year period.
The Minister's media statement on the Beehive website has more information