- Inland Revenue released draft guidance on GST treatment for payment processing or facilitation services to merchants.
- Applies to entities like payment service providers, BNPL providers, and payment technology suppliers.
- Provides a framework to determine if services to merchants are financial services and thus GST exempt or zero-rated.
- Explains how to identify single or multiple supplies with different GST treatments.
- Submissions on the draft are due by 8 December 2025.
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 GST Rules for Offshore Sales, Marketplaces, and Financial Services
- GST Consequences of Company Amalgamation and GST Grouping
- Australia and New Zealand GST Guides: Rates, Registration and Filing Requirements
- Officials Seek Feedback on GST Reform Priorities
- New Zealand Clarifies GST Rules for Director and Board Fees
