IRD confirms no GST on Eftpos

Despite rumours to the contrary, IRD has no plans to add GST to Eftpos transactions. A review published on the IRD Website discusses GST and taxing financial transactions in general, Eftpos and e-commerce aren't mentioned.

Despite rumours to the contrary, IRD has no plans to add GST to Eftpos transactions.

The IRD document on taxing financial transactions that sparked reports, notably in the National Business Review this month, called, GST: A Review, is on IRD's Web page www.ird.govt.nz/resource/discuss/gstdd. pdf. While the issue of GST and taxing financial transactions in general is discussed, Eftpos and e-commerce aren't mentioned.

An IRD spokeswoman was quick to point out to Computerworld that the paper is a discussion paper and is as far from being policy as is possible.

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