- Inland Revenue has released draft guidance on how GST rules apply to fund management fees
- Previously, there were different approaches taken by fund managers on GST application
- Inland Revenue’s draft statement proposes that management fees charged by a manager are generally GST-exempt supplies
- The draft guidance focuses on the authority of the manager to make and implement investment decisions
- Final guidance will depend on submissions received from the public consultation
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.
Latest Posts 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
- New Zealand mandates B2G e-invoicing for large suppliers from 2027
