New Zealand Inland Revenue Consulting on Draft Guidance on Reduced GST Rate for Commercial Dwelling Stays Exceeding 4 Weeks

New Zealand Inland Revenue has published a draft interpretation statement for consultation, Goods and services tax – Reduced value rule in s 10(6) for supplies of domestic goods and services in commercial dwellings. The draft concerns the reduction in the value of a supply of domestic goods and services in a commercial dwelling for more than 4 weeks, replacing prior guidance issued in 1994. A commercial dwelling is a commercially operated premises in which accommodation is provided, such as …