- New Zealand’s Inland Revenue has released two draft interpretation statements on GST Grouping for Companies and GST – Who can group register?.
- The former explains how GST grouping rules apply to related companies, allowing them to be treated as a single entity and reduce compliance costs.
- The latter considers who can register for GST grouping under the Goods and Services Tax Act 1985.
- The deadline for comments is September 14, 2023.
- The interpretation statement provides examples of how GST grouping rules apply to different scenarios and discusses compliance and administrative rules.
- The same principles may apply to other entities eligible for GST grouping.
Source Orbitax
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