New Zealand

Details

  • Service: Tax
  • Type: Business and industry issue
  • Date: 23/08/2011

Tax

Our tax advisory team has the skills and commitment to help you to be competitive and compliant in all areas of business tax.

Contact us

Peter Scott
Partner - Tax
KPMG
Phone: +64 9 367 5852

pcscott@kpmg.co.nz

 

John Cantin
Partner - Tax
KPMG
Phone: +64 4 816 4518

jfcantin@kpmg.co.nz 

Taxmail - GST: Business-to-business neutrality across borders 

Issue 2, August 2011

 

Government today released a discussion document proposing changes to the GST treatment of cross-border supplies between businesses. 

The discussion document is available at www.taxpolicy.ird.govt.nz.

 

The changes are aimed at reducing the extent to which GST impacts on the ability of non-resident businesses to consume goods and services in New Zealand. 

 

The options include extending the current zero-rating of goods and services supplied to non-residents; an enhanced GST registration system for non-residents to make it easier for them to claim input tax; or a direct GST refund system.

 

The Government’s preferred option is an enhanced registration system, for compliance and administrative cost reasons.  We agree, but there are number of design features that require further consideration. 

 

The attached taxmail discusses this option in greater detail.

 

If you have any questions on the above, please speak to your usual KPMG advisor or contact:

 

Peter Scott
Partner - Tax
KPMG
Phone: +64 9 367 5852

pcscott@kpmg.co.nz

John Cantin
Partner - Tax
KPMG
Phone: +64 4 816 4518

jfcantin@kpmg.co.nz

Taxmail - Comment on topical tax issues from KPMG NZ Tax. 

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