- New Zealand Inland Revenue opened a consultation on a GST interpretation statement on fees paid to and by fund managers
- Topics covered include treatment of services provided by fund managers to investors as exempt supplies of financial services
- Also covered is the treatment of third-party outsourced administrative services as taxable supplies
- Lastly, the treatment of third-party investment management services as either exempt supply of financial services or taxable supply of advice
- Comments on the consultation are due by Oct. 25
Source: news.bloombergtax.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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