New Zealand Publishes Draft Interpretation Statements on GST Grouping and Group Registration

• 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