Alastair McKenzie’s GST — A Practical Guide is widely considered to be the authoritative New Zealand text on goods and services tax. In addition to covering the broad framework and operation of GST in New Zealand, the book provides in-depth coverage of special problem areas and contentious issues regarding the application of the Goods and Services Tax Act 1985.
- The first part of the book sets out the broad framework and operation of GST in New Zealand.
- The second part provides in-depth coverage of difficult and contentious issues regarding the application of the Goods and Services Tax Act 1985. Topics tackled include: mortgagee sales, hire purchase, barter, nominations and assignments, discounts and refunds, rental properties, insurance, adjustments for mixed-use assets and periodic payments.
Topics covered include:
- charging GST
- zero-rated supplies
- exempt supplies
- supply, time and value
- special cases
- registration
- administration
- returns and payment
- accounting basis
- calculation of tax payable
- documentation
- specific transactions.
The new edition has been comprehensively updated and includes:
- changes to the law allowing bodies corporate to become GSTregistered
- new rules imposing GST on remote services supplied by non residents
- the regime allowing non-residents to register for and claim back GST, and
- the GST rules that apply to mixed-use assets.
The text is fully updated to include all case law and Inland Revenuerulings and statements released since the publication of the ninthedition in 2012.
New commentary on legal services
The tenth edition contains new commentary dealing extensively with legal services and the associated GST issues that have arisen in practice. Specific topics include agency issues, zero rating, conveyancing and professional liability/indemnity.
