5 Major Developments in New Zealand

5 Major Developments in New Zealand

• GST: Directors and board members providing their services through a personal services company

• TDS 23/08: GST input tax deductions and output tax liability

• New Zealand Tax Agency Seeks Comments on GST for Director Services Provided Through Personal Services Company

• GST – goods purchased on deferred payment terms

• UK/Australia and New Zealand Free Trade Agreements enter into force

---

Customs

• Key changes to NZ Customs rules for importers

Deduction (Input Tax Credit)

• TDS 23/08: GST input tax deductions and output tax liability

• GST – goods purchased on deferred payment terms

• Complicated, confusing, and misunderstood… GST apportionment rules are changing

• Complicated, confusing and misunderstood… GST apportionment rules are changing

E-Commerce / Electronic Services

• New Zealand’s Finance and Expenditure Committee (FEC) recommends GST changes to the Taxation Bill

• Implications of new GST platform rules for holiday accommodation

• Holiday accommodation – what do you need to think about now?

• Holiday accommodation – what do you need to think about now?

E-invoicing

• e-Invoice Conversion in the APAC Region | Part 1

• Webinar – Recorded version: E-invoicing: The adoption of Peppol in Australia and New Zealand

Exemption

• Complicated, confusing, and misunderstood… GST apportionment rules are changing

Free Trade Agreement

• UK/Australia and New Zealand Free Trade Agreements enter into force

Importation

• Key changes to NZ Customs rules for importers

Refund

• When Cash is King, consider checking your approach to GST

Registration

• GST: Directors and board members providing their services through a personal services company

Reporting / Compliance

• EY VAT News – 5 June 2023

• New Zealand Issues GST Guidance For Unit Title Body Corporates

• GST treatment of grants clarified

• When Cash is King, consider checking your approach to GST

• New Zealand VAT/GST Guide

Tax Point (When the Chargeable Event Occurs)

• Goods purchased on deferred payment terms

Taxable Amount

• GST: Directors and board members providing their services through a personal services company

• Section 5(6D): Payments in the nature of a grant or subsidy – Open Consultation

Taxable Transaction

• New Zealand Tax Agency Seeks Comments on GST for Director Services Provided Through Personal Services Company

• GST: Directors and board members providing their services through a personal services company
• Section 5(6D): Payments in the nature of a grant or subsidy – Open Consultation

Tax Authorities / Penalties

• TDS 23/08: GST input tax deductions and output tax liability

VAT Group

• When Cash is King, consider checking your approach to GST

Webinar/Event/Podcast

• Inland Revenue organizes Seminar: GST – 9 August 2023

• Webinar – Recorded version: E-invoicing: The adoption of Peppol in Australia and New Zealand

---

---