- 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.
Latest Posts in "New Zealand"
- New Zealand’s e-Invoicing Mandate: Transition, Compliance, and Benefits for Businesses and Government
- GST Ruling: Accommodation Supply in Commercial Dwelling and Input Tax Deductions Eligibility
- New Zealand Customs Updates GST Refund Process for Importers and Extends Application Period
- New Zealand Mandates E-Invoicing for Public Agencies by 2026 to Enhance Efficiency and Transparency
- The Future of e-Invoicing in New Zealand: Peppol, PINT A-NZ and the 2026 Electronic Invoicing Mandate