- Inland Revenue has released draft guidance on how GST rules apply to fund management fees
- Previously, there were different approaches taken by fund managers on GST application
- Inland Revenue’s draft statement proposes that management fees charged by a manager are generally GST-exempt supplies
- The draft guidance focuses on the authority of the manager to make and implement investment decisions
- Final guidance will depend on submissions received from the public consultation
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.
