
Short Term/ Homestay Accommodation Changes
Short Term/Homestay Accommodation Changes
If you are not registered for GST, you will need to register if you have earned or will earn more than $60,000 in revenue from all taxable activities in any 12-month period. This includes sales made directly to customers (e.g., through your website) or through an online marketplace. You may also voluntarily register if your earnings are below this threshold.
If you are not GST-registered by 1st April 2024, platforms like Airbnb will collect GST at the standard 15% rate on services performed, provided, or received in New Zealand. They will pass on 8.5% to the owner of the accommodation, while the remaining 6.5% will go to the IRD. The 8.5% accounts for GST on the owner’s costs.
If this is something that affects your business, feel free to contact your friendly MDA advisor.
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