- 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
Latest Posts in "New Zealand"
- New GST Refund Rules for Returned Imports: Extended Deadlines and Simpler Processes in New Zealand
- New Zealand Expands Definition of Taxable Activity Under GST Act in New Interpretation Statement
- New Zealand e-Invoicing Rules: What Large Suppliers Must Do to Secure Government Contracts by 2027
- Tax Status of Serviced Apartment Accommodation with Mandatory Hospitality Services in Retirement Villages
- New Zealand Consults on GST Rules for Payment Processing and Facilitation Services
