- Inland Revenue released draft guidance on GST treatment for payment processing or facilitation services to merchants.
- Applies to entities like payment service providers, BNPL providers, and payment technology suppliers.
- Provides a framework to determine if services to merchants are financial services and thus GST exempt or zero-rated.
- Explains how to identify single or multiple supplies with different GST treatments.
- Submissions on the draft are due by 8 December 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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