- Explains the meaning of “taxable activity” under section 6 of the Goods and Services Tax Act 1985.
- Analyzes what qualifies as an “activity” and when it is considered “continuous or regular.”
- Clarifies that an activity can be taxable even if it involves only a single supply, as long as the activity itself is ongoing or regular.
- Details exclusions, especially for private recreational pursuits or hobbies.
- Provides illustrative examples to clarify the application of the law.
Source: taxtechnical.ird.govt.nz
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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