Comprehensive Guide to GST Grouping: Rules, Benefits, and Recent Law Changes

• GST grouping can help reduce compliance costs for businesses
• Intra-group supplies are disregarded in a GST group
• GST grouping can help solve technical issues with costs and invoices
• Multinational groups can claim back GST on costs in New Zealand
• Inland Revenue has released comprehensive guidance on GST grouping rules
• Interpretation Statements 24/02 and 24/03 provide useful examples and scenarios
• Group members become joint and severally liable for tax owing by the group
• Commissioner has discretion to excuse group members from liability in certain circumstances

Source: deloitte.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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