- New Zealand’s GST laws can be complex, but GST grouping can help reduce compliance costs for businesses
- GST grouping allows intragroup supplies to be disregarded and simplifies transactions between associated persons
- GST grouping can also help multinational groups claim back GST on costs when visiting or operating in New Zealand
- Inland Revenue has released comprehensive guidance on GST grouping rules
- Interpretation Statements 24/02 and 24/03 provide detailed information on forming a GST group and who can register
- Group members become jointly and severally liable for tax owed by the group, but the commissioner can excuse liability in certain circumstances
Source: taxathand.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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