- New Zealand Inland Revenue issued Interpretation Statement No. IS 25/05 on March 31
- Clarifies GST treatment of fees related to fund managers
- Services by fund managers to investors are exempt supplies of financial services
- Third-party outsourced administrative services to fund managers are taxable supplies
- Third-party investment management services to fund managers can be exempt or taxable based on authority and oversight
- Taxpayers expected to adopt the position by April 1, 2026
Source: news.bloombergtax.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.