As of 1 April 2024, New Zealand's approach to Goods and Services Tax (GST) takes a turn within the sharing economy and online marketplaces. This shift, aimed at levelling the playing field for all market participants, mandates that both domestic and offshore-based online marketplaces—think Uber, Airbnb, and Booking.com—now play a pivotal role in the GST ecosystem. Here's a detailed breakdown of what these changes entail and how they might affect you.

Small businesses are the lifeblood of the New Zealand economy, driving innovation, creating jobs, and contributing significantly to the nation's prosperity. However, they also face unique challenges when it comes to taxation. In this post, we'll explore the specific tax considerations and obligations that small businesses in New Zealand need to navigate successfully.