1.25 CPD hours

  • On Demand event
    Complete online in your own time (Self-paced)
    • $180.00 excl. GST

Description

GST is a key consideration in many commercial arrangements. It is important to keep abreast of GST changes, as misunderstanding the GST position can result in unexpected outcomes and costly mistakes. This practical webinar will provide an update on a number of GST developments, including:

  • when a transaction which includes the grant, assignment, surrender or procurement of a lease is zero-rated under the compulsory zero-rating rules; 
  • the rules requiring non-residents to account for GST on services supplied to New Zealand customers, which take effect on 1 October 2016; 
  • the GST position of bodies corporate; 
  • the proposal to restrict the ability to zero-rate services connected with land; 
  • case law developments which consider when companies are associated for GST purposes; and 
  • other GST developments. 

Worked examples will be used to illustrate the impact of these developments.

LEARNING OUTCOMES

You will:

  • understand when a transaction which involves a lease can be zero-rated;
  • know when a non-resident providing services to New Zealand residents is required to register for GST and account for GST on those supplies;
  • understand the GST rules which apply to bodies corporate;
  • know which services which relate to land and land transactions will be able to be zero-rated under the proposed new rules;
  • understand when companies are associated for GST purposes based on recent case law on the "control by other means" test;
  • have an overview of other areas where GST developments have occurred or are expected as a result of IRD pronouncements and legislative changes.

SUITED TO

Accountants, tax lawyers, commercial lawyers and others who advise clients on GST issues.

ORIGINAL BROADCAST DATE

1 September 2016

PRESENTER

Susan Ballantyne, Senior Associate, Tomlinson Law.