Title: GST, a review : a tax policy discussion document /
Authors: Birch, Bill, 1934-; English, Bill, 1961-; New Zealand.; New Zealand.; New Zealand.
Publisher: Policy Advice Division, Inland Revenue Dept.,
Year: 1999
Subjects: New Zealand.; Value-added tax Law and legislation New Zealand.
Abstract: Since goods and services tax was introduced in 1986 it has proven to be an efficient and relatively problem-free tax to administer, besides being a key contributor to Government revenue. This discussion document presents proposals to improve the workability of GST for taxpayers and Inland Revenue, and to make policy intent more effective. Also signals possible future avenues for development and reform of GST.
Contents: PART I. INTRODUCTION: Introduction ; Key concepts in the Goods and Services Tax Act ; PART II. WORKING WITH GST: Compliance cost savings measures ; Change in use adjustments -- compliance issues ; Change in use adjustments -- other issues ; PART III. MAINTAINING THE REVENUE BASE: The general anti-avoidance provision -- Section 76 ; The second-hand goods input tax credit ; Deregistration ; Exported services ; Deferred settlements ; PART IV. REMEDIAL ISSUES: The financial services exemption ; Factored debts ; Going concerns ; Exported services -- remedial issues ; The treatment of software ; The definition of "associated persons" ; Unincorporated bodies -- debt priority and members' liability for GST ; Personal representatives, liquidators and receivers ; Other issues ; PART V. THE FUTURE FOR GST: Taxing imported services ; Financial services