GST Changes from 2011

The Taxation (GST and Remedial Matters) Bill received Royal assent on 20 December 2010.

The new legislation brings into effect changes to the GST rules to prevent “phoenix” fraud schemes, and clarifies the change in use rules and the GST boundary between residential and commercial accommodation.

Please click on the below links: 

Zero-Rating and Land Transactions
New Apportionment Rules
Transactions Involving Nominations
Supplies of Accommodation 

Source: All of the following information has been extracted from IRD Tax Information Bulletin Vol 23 No. 1. Please click for more detailed analysis.