Date posted: 07/06/2021 2 min read

Have your say: open New Zealand consultation items

Help shape NZ tax policy and guidance.

In brief

  • GST - definition of a resident
  • Loss carry-forward – continuity of business activities

GST - definition of a resident

Inland Revenue recently consulted on PUB00354: Registration of non-residents under s 54B”. Following feedback recommending separating the discussion in that item on the meaning of resident for GST purposes into a separate item, the material in this item has been drawn from the earlier item and expanded.

When finalised this item will provide guidance on the meaning of the term “resident” for GST purposes.

Consultation closes: 9 July 2021 

Loss carry-forward – continuity of business activities

When finalised this interpretation statement will provide guidance on how the main aspects of the business continuity test in s IB 3 of the Income Tax Act 2007 apply. The business continuity test may enable a company to carry forward tax losses despite a breach in ownership continuity if

certain requirements are satisfied.

Consultation closes: 28 June 2021

Read the draft items

You can access these draft consultation items on Inland Revenue's Tax Technical Website.

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Contact the CA ANZ Tax Team NZ

Throughout the year we ask for member’s thoughts and feedback on submissions and consultation items. If an item is of interest to you or your clients let us know your thoughts.

we’d love to hear from you.