Recommended NZ | Guide to Money | Gimme: Competitions - Giveaways

Adulttoymegastore welcomes changes to GST laws

Contributor:
Fuseworks Media
Fuseworks Media

Yesterday, new tax laws came in for international retailers trading in New Zealand. Adultoymegastore welcomes the changes as "fair and right".

Any international retailers making more than $60,000 in sales into New Zealand a year will have to pay GST in line with similar rules in Australia. The change is expected to generate about $130 million in tax a year for the Government.

Online retailer Adulttoymegastore is New Zealand owned and operated and based in Wellington with a warehouse in Grenada North. Owner Nicola Relph says the new laws will level the playing field for Kiwi businesses.

"Running a local business is a privilege, but it’s hard too. We pay all of our taxes and we always have so we are glad international competitors will also need to pay. When you have a business in the community you work to support the community. Any profits we make go toward the New Zealand economy, our staff in New Zealand and building our business here."

"Our profits aren’t going off-shore they’re going back into our economy and our community".

For a long time, New Zealand retailers have been disadvantaged because they have been the only businesses to pay tax while their foreign competitors don't.

Consumers must be aware that overseas retailers may increase costs to absorb the tax requirements they now face.

"We want consumers to know that supporting New Zealand businesses is cost-effective too - our prices will stay the same because we already pay tax here."

If tax isn’t paid, products can be held at the border.

"We have heard of products being stopped because GST hasn’t been paid. If you want to avoid that happening - buy local. Our toys will get to you overnight because our warehouse is in New Zealand and so is our office."

"Your products are packed by New Zealanders and sent to your door overnight or even within the hour."

All articles and comments on Voxy.co.nz have been submitted by our community of users. Please notify us if you believe an item on this site breaches our community guidelines.