- 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.Read more
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