- New Zealand Inland Revenue has issued a Commissioner’s Statement on VAT/GST recovery rules.
- It explains the treatment of goods and services worth NZD 10,000 or less (excluding GST) that were acquired before GST registration.
Source: vitallaw.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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