Zero-rating provisions

Posted May 26th, 2007 by Dr James Pratt

The Goods and Services Tax Act 1985 lists certain supplies that are charged with GST but at a zero rate. The main zero-rated supplies are exported goods and services. No GST is charged on them because they are not consumed in New Zealand. Exporters can, however, claim input tax credits for the cost of acquiring or producing the exported goods or services. For compliance and administrative reasons, zero-rated supplies also include the supply (in specific circumstances) of a going concern between two registered persons.

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