New Zealand GST invoices must be issued within 27 days of the supply and retained for at least seven years. They must contain specific details such as supplier and customer information, invoice date, description, taxable amount, GST, and gross amount. Invoices below NZD 1,000 may omit customer details and detailed GST calculations, and no tax invoice is required for supplies of NZD 50 or less.
The VATfaqs digest
Global VAT news, delivered Tuesday and Thursday. Free, curated from 50+ official sources, no spam.
No spam · Unsubscribe any time
Bloomberg Tax · 3 months ago
New Zealand’s Goods and Services Tax (GST) is highlighted as a model consumption tax, featuring a single 15% rate, minimal exemptions, and a broad base that yields a stable revenue stream. The system’s simplicity reduces compliance burdens and has been praised for its efficiency and neutrality. Key innovations include zero‑rating business‑to‑business financial services and excluding most crypto assets from GST.
New Zealand Inland Revenue · 5 months ago
New Zealand’s Inland Revenue explains how e‑invoicing works, the benefits, and the changes to GST record‑keeping that took effect on 1 April 2023. The guidance notes that e‑invoices are exchanged via the Peppol network and that suppliers are encouraged to send them instead of PDFs.
1stopVAT · 2 days ago
The BIR issued a circular on June 2, 2026, tightening VAT enforcement for overseas digital service providers in the Philippines. The circular mandates that providers collect 12% VAT on payments received before the regime’s June 2025 effective date, and requires non‑resident providers to register and file returns even for VAT‑exempt B2C supplies. It also clarifies VAT treatment for platform operators and digital advertising services.
NewAge · 4 days ago
Bangladesh’s government has proposed a comprehensive VAT exemption package for startups, content creators and freelancers in the 2026‑27 national budget. The package includes a 15% VAT exemption on services provided by freelancers and content creators, full local VAT exemption for startups, and 15% VAT exemption on imported services and office rentals, with the measures set to remain in force until 30 June 2035.
Manila Bulletin · 11 days ago
Manila Bulletin reports that the Philippine BIR has clarified that bilateral tax treaties do not exempt foreign digital service providers from the country's 12% VAT. The new guidance, issued in RMC No. 59‑2026 on June 2, 2026, requires non‑resident providers to register and file VAT returns, and outlines reverse‑charge rules for cross‑border B2B services. It also details how online booking platforms and pre‑existing subscriptions are taxed.
The Manila Times · 13 days ago
The BIR expanded the VAT exemption list for essential medicines in April 2026, increasing the number of exempt chronic‑condition drugs to 2,263 from 2,242 in December 2025. This move aims to reduce out‑of‑pocket healthcare costs and boost demand for locally produced generic medicines. The commentary notes potential benefits for domestic manufacturers but highlights ongoing challenges such as high out‑of‑pocket spending and supply‑chain constraints.
Put your brand alongside trusted tax-tech intelligence across 150+ countries.
Key Takeaways
GST invoices must be issued within 27 days of the supply.
Invoices must be retained for a minimum of 7 years.
The invoice must show supplier and customer name and address, the words ‘Tax Invoice’, supplier GST number, invoice date, description of supplies, taxable amount, GST added, and gross amount.
Invoices below NZD 1,000 can exclude the customer’s name and address and the detailed GST calculation.
No tax invoice is required for supplies of NZD 50 (excluding GST) or less.
Primary source
Read the full article at AvalaraThis summary was published on VATfaqs.com on 14 January 2026. It relates to VAT developments in New Zealand. The original source is Avalara.
