The New Zealand Inland Revenue Sept. 12 clarified changes to the GST invoicing rules and recordkeeping requirements, effective March 30. The clarification explains: 1) the ability of buyers who don’t receive tax invoices to support expense claims with other records; 2) the requirement that sellers continue providing tax invoices for sales costing more than NZ$50 (US$30) until March 31, 2023; 3) the ability of GST registered buyers and sellers to use buyer-created tax invoices by agreement, rather than through the tax agency’s pre-approval; and 4) shared tax invoicing for GST supplier groups. [New Zealand, Inland Revenue, 09/12/22]
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