- New Zealand Inland Revenue opened consultation on a draft interpretation statement about when intermediaries or brokers in financial products make exempt GST supplies by “arranging” financial services rather than advising on them.
- The draft covers the meaning of “arranging,” GST treatment of intermediary and broker activities, and how it interacts with IS0052 on financial planning fees.
- Comments on PUB00463 are due by July 2, 2026.
- Inland Revenue also released an officials’ issues paper on broader current GST issues where legislation may not match policy intent or could be improved technically.
- Submissions on the issues paper are due by June 29, 2026.
Source: kpmg.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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