- New Zealand’s Inland Revenue has released a draft interpretation statement for public consultation regarding a reduced GST value rule (s 10(6)) for domestic goods and services in commercial dwellings, updating guidance from 1994.
- For commercial dwelling stays exceeding four consecutive weeks, the value of the supply is reduced by 40% (effective GST rate of 9%) starting from the fifth week; however, for “residential establishments,” this reduced rate applies from the outset if a stay of more than four weeks (not necessarily consecutive) is agreed upon upfront.
- The reduced GST rate does not apply to accommodation supplied through electronic marketplaces that offer more than just payment processing, and stakeholders have until May 29, 2026, to submit comments on the draft statement.
Source Orbitax
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