This public ruling explains when an importer who accounts for GST on an invoice basis can claim an input tax deduction on GST collected by the New Zealand Customs Service. It also explains what documentation importers can use as an invoice to support the input tax deduction and associated record-keeping requirements.
Source: govt.nz
Latest Posts in "New Zealand"
- Central Otago Man Jailed for $133,000 GST Fraud Using Fake Business Expenses
- GST Guidance on Payment Processing Services Supplied to Merchants: Draft Interpretation Statement Released
- GST Input Tax Deductions for Secondhand Goods: Requirements, Exceptions, and Associated Persons
- Understanding “Payment” for GST: Timing, Tax Periods, and Input Tax Deductions
- GST Input Tax Deduction Requirements for Secondhand Goods: Summary Fact Sheet
