New Zealand Inland Revenue has launched a public consultation on a draft interpretation statement that sets out the Commissioner's view on the correct application of GST in the context of fees paid in relation to managed funds. Any finalized view will be applied by the Commissioner on a prospective basis.
The interpretation statement summary is as follows. The deadline for comments is 25 October 2024.
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Summary | Whakarāpopoto
1. Managed investment funds are an important element of t…