- TDS 24/21 issued on November 20, 2024, regarding accommodation provided to an employee.
- Tax Counsel Office ruled that the accommodation was provided in relation to the employee’s employment.
- Income tax value of the accommodation is the market rental value, reduced for work-related use.
- GST value of the accommodation is the market rental value, reduced for work-related use.
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"
- E-Invoicing in New Zealand: Key FAQs, Compliance Steps, and How ecosio Supports Your Journey
- New Zealand’s Phased E-Invoicing Rollout: Government-Led, Peppol Standard, Mandatory for Large Suppliers 2027
- New Zealand’s Phased E-Invoicing Rollout: Peppol Standard, Government-Led, Mandatory for Large B2G Suppliers 2027
- Briefing Document & Podcast: E-Invoicing and E-Reporting in New Zealand
- New Zealand GST Rules for Foreign Digital Service Providers and Online Marketplaces
