- NZUs are treated as services, not goods, under the Goods and Services Tax Act 1985
- Most NZU supplies are zero-rated for GST
- Zero-rated supplies include:
- Transfer of NZUs
- Surrender of NZUs for emissions
- Services to or by the Crown in consideration for which there is no payment of a price
- Disposal of similar units to NZUs
- Transfer or surrender of NZUs is generally zero-rated for GST purposes
- Where unrelated parties agree on future NZU provision as part of a supply of goods and services, the agreed amount is the value for GST purposes
- The agreed amount can include a nil value for NZUs
Source: taxtechnical.ird.govt.nz
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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