GST change in New Zealand.
Due to a change of tax laws in New Zealand, a goods and services tax (GST) rate of 15% will be introduced on October 1, 2016 for books purchased on the iBooks Store by New Zealand consumers. This will be remitted to the New Zealand tax authority by Apple Pty Limited. As a result of the GST introduction, your proceeds and Apple’s commission will be calculated after the deduction of GST, which means that your proceeds will change. Retail prices of books on the iBooks Store will not change. You will have to select new price tiers should you wish to change the retail prices of your books.
To support this change we have updated the Books agreement. Please go to Agreements, Tax, and Banking and accept the latest terms. You must accept the latest books agreement to continue to offer your books in New Zealand past September 30, 2016.