- New Zealand Inland Revenue clarified that GST input tax deductions cannot be claimed for pre-registration goods or services valued at NZD 10,000 or less (excluding GST).
- The rule applies when those items were acquired before GST registration and later used for taxable supplies.
- The Commissioner says this reflects longstanding practice and overrides any contrary published views.
- The statement links this treatment to the broader GST apportionment and adjustment rules, especially sections 20 and 21–21H.
- Inland Revenue is also considering possible law changes in a separate officials’ issues paper.
Source: regfollower.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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