The monthly fee for Netflix in New Zealand was just increased

Vids 03/10/2016

You may have received an email or app notification from your old mate Netflix over the weekend, revealing that the monthly price has indeed INCREASED!

GST on all online purchases in NZ came into effect in New Zealand over the weekend, but it was unclear whether or not streaming services such as Netflix and Apple would also rise in price.

The law change will require overseas retailers to be GST-registered and for them to return the tax to the Government, who says it is missing out on around $40 million a year.

The GST will also apply to "cross-border remote services and intangibles", such as e-books, music, videos and software.

Offshore suppliers will be required to register and return GST when their supplies to New Zealand residents exceed $60,000 in a 12-month period.

[Source: Newshub