New Zealand: Explanation of the updated GST invoicing rules and recordkeeping requirements

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The New Zealand Inland Revenue provided clarification regarding changes to the GST recordkeeping and invoicing procedures that took effect on March 30.

The explanation illustrates how customers who do not receive tax invoices may nevertheless support expense claims with other documentation.

The clarification also includes the following points:


  • the obligation that sellers continue to provide tax invoices until March 31, 2023, for sales that cost more than NZ$50 (US$30);
  • there is no longer a requirement to first obtain Inland Revenue’s approval before issuing buyer-created tax invoices. Instead, the tax invoices may be used by GST-registered buyers and sellers upon agreement;
  • the new regulations enable supplier groups composed of two or more registered individuals to create “shared tax invoices” for GST purposes. A contract between members of supplier groups specifies that one of the members will issue tax invoices, credit notes, and debit notes on behalf of the other members.



Source: www.ird.govt.nz

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