Inland Revenue - Tax policy Tax Policy

News and information about the Government's tax policy work programme, including:
- proposed changes to the laws that Inland Revenue is responsible for
- updates on the progress of bills through Parliament
- policy announcements

GST policy issues

Officials are seeking feedback on a wide range of GST-related policy issues, to ensure the GST rules remain current for modern business practices and technology, while remaining fair.

Proposals set out in an officials’ issues paper, GST policy issues, include:

- improving and simplifying tax invoice requirements;

- excluding cryptocurrency from certain GST and financial arrangement rules (while remaining taxable under existing income tax rules);

- changes to the GST apportionment and adjustment rules; and

- simplifying how GST can apply to certain financial services in the managed funds industry.

Submissions closed on 9 April 2020 8 May 2020.

(Note: the deadline for submissions was extended to 8 May 2020, updated on 18 March 2020)