New Zealand Tax Agency Issues Technical Decision Clarifying GST Input Tax Deductions, Grants, Omitted Sales

The New Zealand Inland Revenue June 12 issued Technical Decision Summary No. 25/15, clarifying GST input tax deductions, government grants, and omitted sales. The taxpayer, a GST-registered company, filed GST returns claiming input tax deductions for various expenses and received COVID-19 support payments. Upon the findings of the Customer and Compliance Services (CCS), the taxpayer sought clarification on whether the input tax deductions were allowed, whether GST output tax should be returned on the COVID-19 payments, and whether the GST return should be amended to include an omitted sale from the taxpayer’s GST return, which was caused by an error ...