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New Zealand to modernize the GST invoicing rules from 1 April 2023

|New Zealand
New Zealand

The Inland Revenue Authority (IRD) posted additional clarifications on 12 September 2022 to help taxpayers to comply with the new GST Rules.

 

The new GST changes introduce new terminology as well as a more flexible ruleset. From 1 April 2023, taxpayers no longer need to keep a single document, such as a tax invoice or credit note, with all the required information. Instead, a combination of …

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