A new tax break introduced on April 1 means that overseas entities that hold events in New Zealand will instantly save 15% on costs.
The changes mean that overseas entities who do not conduct business in New Zealand can claim back Goods and Services Tax (GST) paid on expenses in New Zealand, with significant relevance to the business events community, particularly in Australia.
In order to qualify, businesses that are holding a business event in New Zealand must receive no income in the destination and must register for GST as a non-resident with the New Zealand tax authority.
