- New Zealand’s Inland Revenue has released two draft interpretation statements on GST Grouping for Companies and GST – Who can group register?.
- The former explains how GST grouping rules apply to related companies, allowing them to be treated as a single entity and reduce compliance costs.
- The latter considers who can register for GST grouping under the Goods and Services Tax Act 1985.
- The deadline for comments is September 14, 2023.
- The interpretation statement provides examples of how GST grouping rules apply to different scenarios and discusses compliance and administrative rules.
- The same principles may apply to other entities eligible for GST grouping.
Source Orbitax
Latest Posts in "New Zealand"
- New Zealand’s e-Invoicing Mandate: Transition, Compliance, and Benefits for Businesses and Government
- GST Ruling: Accommodation Supply in Commercial Dwelling and Input Tax Deductions Eligibility
- New Zealand Customs Updates GST Refund Process for Importers and Extends Application Period
- New Zealand Mandates E-Invoicing for Public Agencies by 2026 to Enhance Efficiency and Transparency
- The Future of e-Invoicing in New Zealand: Peppol, PINT A-NZ and the 2026 Electronic Invoicing Mandate
