New Zealand Introduces Digital Services Tax Bill

September 25, 2023
2 minutes read

New Zealand’s response to global digital taxation trends: a forthcoming digital services tax from 1 January 2025.

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Perhaps indicative of prevailing sentiments, New Zealand has introduced a bill that would impose a digital services tax on revenues from in-scope digital services, including social media and content sharing platforms, from 1 January 2025.

It is claimed that the proposed legislation has been prepared as a backup to the OECD’s Pillar One solution. The tax would be payable by multinational groups that meet two revenue thresholds: (i) at least EUR 750 million per year from global digital services; and (ii) NZD 3.5 million per year from services provided to New Zealand users or connected to New Zealand land.

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