New Zealand Tax Agency Seeks Comments on GST for Director Services Provided Through Personal Services Company

The New Zealand Inland Revenue June 12 opened a consultation on Exposure Draft No. PUB00424, on a proposed question and answer document clarifying the GST treatment of board director services provided through personal services companies (PSCs). The draft clarified that: 1) individual professional board directors with no other associated taxable activity aren’t required to register for GST, and their service on boards is excluded from the definition of taxable activity; and 2) director services provided under contract by PSCs aren’t excluded from the definition of GST-taxable activity, where the supply of services is part of a continuous and regular activity. ...