Skip to main content
Inland Revenue

Tax Policy

Last updated 18 March 2020
Closing date 8 May 2020

Status Complete

GST policy issues

Officials are seeking feedback on a wide range of GST-related policy issues, to ensure the GST rules remain current for modern business practices and technology, while remaining fair.

Proposals set out in an officials’ issues paper, GST policy issues, include:

- improving and simplifying tax invoice requirements;

- excluding cryptocurrency from certain GST and financial arrangement rules (while remaining taxable under existing income tax rules);

- changes to the GST apportionment and adjustment rules; and

- simplifying how GST can apply to certain financial services in the managed funds industry.

Submissions closed on 9 April 2020 8 May 2020.

(Note: the deadline for submissions was extended to 8 May 2020, updated on 18 March 2020)