This interpretation statement considers the application of section 5(6D) of the Goods and Services Tax Act 1985. Section 5(6D) broadly provides that when a payment in the nature of a grant or subsidy is paid on behalf of the Crown or by a public authority to a person in respect of their taxable activity, then that payment is deemed to be consideration for a supply of goods and services in the course or furtherance of the taxable activity.
Consultation period: 11 April 2023 – 23 May 2023
Send feedback to [email protected]
Source – IRD
Latest Posts in "New Zealand"
- Briefing Document & Podcast: E-Invoicing and E-Reporting in New Zealand
- New Zealand GST Rules for Foreign Digital Service Providers and Online Marketplaces
- New Zealand GST Rules for Short-Stay Accommodation: Key Points and Compliance Guide for Hosts
- New Zealand Mandates Peppol E-Invoicing for Government Agencies from January 2026
- GST treatment of short-stay accommodation
