GST Law Made Easy 2017 (eBook)

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Conveys the essentials of GST law to businesses and professional advisers. A practical guide for all businesses that prepare their own GST returns.

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NZD$ 60.00
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ISBN/ISSN: 9781988506173

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Product description

GST impacts on most businesses that buy or sell goods and services. Over a third of Government tax revenue comes from GST. It is a tax on gross supplies and therefore its impact is large, being charged in addition to transaction values which may already be high. Consequently, it is characterised by significant room for error.

New Zealand’s GST system is recognised as one of the best value added tax systems in the world. As tax systems go, it is a relatively straightforward system that enables many New Zealand small and medium businesses to complete their own GST returns. However, changes to business operations and tax law open up traps for the unwary. GST Law Made Easy will help businesses avoid unintended consequences and alert business managers as to when professional advice is required.

GST Law Made Easy is a practical guide for business operators and professional advisers to obtain a good overview of the GST system. Written in an easy to understand style, it highlights practical issues and risks that are frequently encountered by businesses.

Features

  • Plain English guide
  • Includes case studies and examples
  • Identifies common risks
  • Practical tips for avoiding common traps

Related Titles

Income Tax Law Made Easy
Tax Administration Law Made Easy
And 8 more titles in MyLawGuide’s Law Made Easy series

Featured authors

Colin De Freyne
Mark J Greening

Colin De Freyne

Colin De Freyne (CA – CAANZ and ICAEW) has spent 28 years of his professional career with ‘Big 4’ firms, 10 years as a tax partner, and advised on GST (or VAT) in the UK, Australia and New Zealand. He is the principal of De Freyne and Associates Limited.

View all books by Colin De Freyne (2)

Mark J Greening

Mark J Greening (LLM, BA) is a former adjudicator and senior solicitor for the Office of the Chief Tax Counsel at Inland Revenue. Mark holds a Master of Laws and has accumulated over 20 years’ experience in observing and writing on the development of tax law in New Zealand. He was formerly the managing writer and editor for several prestigious tax publications including Staples Tax Guide.

View all books by Mark J Greening (3)

Table of contents

GST basics

 Calculating GST

 GST rate

 Place of supply

 Residence

 Registration

 Taxable activities

  Supplies and taxable supplies

 Types of supply

 Taxable supplies

 Time of supply

 Tax invoices

 Credit and debit notes

 Exempt and zero-rated supplies

 Financial services

 Donated goods to non-profit body

 Accommodation in a dwelling

 Goods and services

 Going concerns

 Compulsory zero-rating

 Output tax deductions

  Apportionment

 Usage percentage

 Adjustment periods

 Return filing and GST payment

 Filing obligations

 GST returns

 Accounting basis

 Specific GST provisions

  General provisions

  Proposed tax changes

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