With the advent of Covid, and lockdowns becoming more commonplace, consumers have looked to online shopping as a way to retain some normality.

Many businesses have been forced to become more agile and move to online retailing. With online retailing, businesses gain access to customers not only in New Zealand, but also overseas. While this can increase sales, there are many tax consequences of selling in overseas jurisdictions. The implications ultimately will depend on the country of the customer and may result in significant GST/VAT and income tax implications.

This course will look at some of the more common situations for New Zealand businesses selling online and the factors that can result in creating offshore tax issues.

Upon satisfactory completion of this activity you will be able to:

• Understand the factors that can influence whether a business has a foreign presence
• Understand the potential tax implications of selling offshore

 Total CPD Hours: 1.25 (1 hour + 15 min. Q&A)

Suited to: Intermediate to senior accountants advising businesses that are operating online

PRESENTER

Jarod Chisholm, Senior Partner, Findex/Crowe

Jarod is a senior partner in the Otago Tax Team for Findex/Crowe and has been a regular presenter for TEO, presenting on a wide range of topics in all areas of tax. Jarod’s background includes working in “Big 4” firms in Australia and New Zealand in the tax domain, and working for large corporates as a management accountant.

Jarod is recognised as an industry leader in the area of foreign investment and regularly assists other accountants/advisors with their clients. He provides commercial, practical advice in all areas of tax.