The New Zealand Inland Revenue released Technical Decision Summary No. 23/11, offering clarity on GST input deductions and taxable activity requirements. In this case, a GST-registered company had claimed input deductions for specific periods. However, the Tax Agency’s compliance department conducted a reassessment of GST due to a lack of supporting documentation and proposed the retrospective cancellation of the taxpayer’s GST registration. Upon review, the Tax Counsel Office determined that:
Source: taxtechnical.ird.govt.nz