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New Zealand Issues GST Guidance For Unit Title Body Corporates

Inland Revenue Department issued a new interpretation statement that explains the consequences of registering for GST for a unit title body corporate (UTBC) and the GST treatment of transactions with its members and third parties.

There are also two factsheets: one for UTBCs considering registering for GST and one for those UTBCs that are already registered for GST.

Source: answerconnect.cch.com

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