- New Zealand Inland Revenue released a draft to clarify GST rules for payment processing or facilitation services, covering which services are subject to GST, treating related administrative services as a single supply, explaining BNPL loan repayments, and confirming that settlement services to merchants are exempt or zero-rated financial services. Comments are due by December 8.
Source: news.bloombergtax.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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