New Zealand’s Inland Revenue has released draft guidance on the GST treatment of fund management fees. The issue has been subject to numerous rules and much scrutiny. The draft statement outlines the current positions, including the recent proposal to impose GST on all management fees, which was quickly scrapped, and the industry’s practices of either treating 10% of services as subject to GST or applying the full 15% GST rate.
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.
