New Zealand's Inland Revenue recently published GST guide (IR375) - Working with GST. The guide provides a detailed overview of various aspects of New Zealand's goods and services tax regime, including:
- An explanation of the GST regime;
- How to complete and file GST returns;
- Canceling GST registration;
- Adjustments;
- Supplies;
- Taxpayer rights and obligation; and
- Others
Under New Zealand's GST regime, The standard rate of GST is 15%. Suppliers of taxable goods or services in the country are re…