Influencers will need to brush up on their tax obligations in the coming years. The 47-page IRD document strives to offer guidance to gamers, streamers, bloggers, influencers, artists and any other online creators on meeting their tax obligations. Tax expert Robyn Walker, a partner at Deloitte, describes the steps being taken by the IRD as really proactive. Those tools could be sold on, and the value of that resale attracts a tax obligation that the influencer must disclose to the IRD. Under the rules, he will have to disclose the resale value of a lightly used drinks fridge but not the energy drinks, because the empty cans will have no resale value.

Source: New Zealand Herald April 22, 2021 02:02 UTC