Google
As the global digital economy continues to expand, countries around the world are implementing tax regulations to ensure fair contributions from businesses, both local and international. New Zealand is not alone in this; countries like France, Singapore, and Australia are also adopting similar measures to regulate their digital markets.
Understanding the Global Trend
In recent years, governments have realized the need to adapt their tax policies to the rapidly growing online service industry. The rise of freelance platforms, online marketplaces, and digital services has blurred national boundaries, making it essential for countries to revise their tax codes.
France has introduced a digital services tax (DST), targeting large tech companies that generate significant revenue from the French market. This tax ensures that digital giants contribute fairly to the economy, despite not having a physical presence in the country.
Singapore has also implemented a Goods and Services Tax (GST) on digital services, applying to businesses that meet a certain revenue threshold. This approach ensures that local and international businesses operating in the digital space contribute to the nation’s tax revenue.
Australia has followed suit by introducing GST on digital products and services, including those provided by overseas companies. This policy levels the playing field for local businesses and ensures that international companies contribute to Australia’s tax system.
Kennflik’s GST Policy: What You Need to Know
In line with these global trends, Kennflik is implementing a 15% GST on the price of jobs and gigs. This GST will be automatically applied to all purchases of services unless the customer provides a registered GST number.
Why is Kennflik Charging GST?
The decision to charge GST aligns with global practices, ensuring compliance with local tax laws and contributing to the national economy. It’s also a way to ensure that Kennflik operates transparently and fairly in the digital marketplace.
How to Avoid Being Charged GST
To avoid being charged this tax, customers need to update their GST number in the settings on Kennflik. By doing so, you can ensure that your purchases are tax-exempt, provided you meet the necessary criteria.
Here’s a simple step-by-step guide to updating your GST number on Kennflik:
- Log in to your Kennflik account.
- Go to the ‘Settings’ section.
- Navigate to the ‘Tax Information’ or ‘GST Details’ tab.
- Enter your registered GST number.
- Save the changes.
Once your GST number is registered, Kennflik will recognize your status and will not apply the 15% GST to your future purchases.
Conclusion
As digital economies grow, tax regulations like GST are becoming the norm across the globe. New Zealand, France, Singapore, and Australia are just a few examples of countries taking steps to ensure fairness in the digital marketplace. Kennflik’s implementation of GST is a part of this global trend, ensuring compliance and fairness for all users.
By updating your GST number in the settings, you can avoid additional charges and continue to enjoy the services Kennflik offers without any extra costs. Stay informed, stay compliant, and make the most of your experience on Kennflik.
