Reminder of NZ GST platform economy changes from 1 April 2024

As previously reported, effective 1 April 2024, new platform economy rules come into force in New Zealand - in particular the extension of local GST to operators (including non-residents) of platforms that facilitate certain transactions in New Zealand. These new rules will fundamentally change the GST treatment of short-stay accommodation when booked through an online platform such as a website or an app (platform) operated by a third party operator, which will attract GST at 15%, regardless of whether or not the underlying supplier is GST registered. There is no change to the rules where a party supplies short-stay accommodation directly, e.g. through their own website. The new rules also apply to certain ride sharing / hailing, and food and beverage delivery services.