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

The New Zealand Inland Revenue April 30 opened a consultation on Exposure Draft No. PUB00545, a fact sheet, and public rulings and commentary, on a proposed question-and-answer document clarifying the GST treatment of board director services provided through personal services companies (PSCs). Topics covered include the treatment of GST regarding: 1) input tax deductions, including the circumstances in which recipient organizations may claim deductions on the GST charged on the fees of directors or board members; and 2) board members appointed by the Governor-General or Governor-General in Council, including circumstances in which fees paid to employee board members are treated ...