29538 (2024). Hon Barbara Edmonds to the Minister of Revenue

29538 (2024). Hon Barbara Edmonds to the Minister of Revenue: What additional compliance activity, if any, will the operating funding for the Online Casino Gambling Tax Changes in budget 2024 cover?

Hon Simon Watts: The existing GST rules show that offshore operators will comply with tax obligations if the rules are clear and practical. $42.8 million of GST was collected from GST registered offshore gambling operators in the last financial year (the 12 months ending 30 June 2023). New Zealand has arrangements with other countries that Inland Revenue uses to exchange information with foreign tax authorities. These arrangements include tax treaties and the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. These arrangements can be used to identify offshore gambling operators and seek assistance from other tax authorities to ensure compliance.