GST Taxable Activity: CIR Interpretation and Submissions

• Inland Revenue issued PUB00476 on February 24, 2025, regarding GST taxable activity.
• The statement clarifies the meaning of “taxable activity.”
• It discusses key elements from section 6 of the GSTA85, including:
• What constitutes an “activity”
• When an activity is being “carried on”
• The meaning of “continuously or regularly”
• The significance of “whether or not for a pecuniary profit”
• The requirement that the activity involves supplying goods and services for consideration
• The reference to the activity being carried on in the form of a business, trade, etc.
• The inclusion of public authorities and Crown-controlled companies
• The application of section 6(2)
• Exclusions from the definition of “taxable activity” in section 6(3), particularly for private recreational pursuits or hobbies
• Submissions close on April 4, 2025.

Source: taxathand.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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