GST

It’s easy to lose sight of the impact GST can have on your business. Although GST is meant to be simple, it has the potential to become a minefield, and when it goes wrong, it can be expensive. 

Grant Thornton’s technical knowledge and practical experience can help you minimise the negative impact of GST. Our team can identify and address your GST exposures and mitigate risks by implementing the robust processes your business needs. And we undertake tax audits to highlight areas of risk and opportunity. 

Our team also offers support for managing your initial registration, compliance, transactions, acquisitions and disposals, and restructuring. 

Offshore company operating in New Zealand? 

New Zealand tax laws can be complicated. We’ll help you comply with them and ensure that GST can be reclaimed so it doesn’t become a cost of doing business in New Zealand. 

Doing business overseas? 

With over 700 offices in 140 countries, the Grant Thornton International network can also support you offshore. 

Mixed use assets

Mixed-use assets can be complex, requiring specialist insight to ensure compliance and optimise outcomes whether it be apportionment of Input Tax Credits, adjustments for change in use, or private use thresholds.

Property 

GST on property transactions presents challenges like classification of supply, zero-rating for commercial properties, apportioning mixed-use, managing GST on land sales and development and subdivision.

In a dispute with Inland Revenue? 

We can negotiate on your behalf and protect your position when dealing with Inland Revenue and customs. 

Other areas with GST complexity include financial services, where apportionment rules and exemptions often apply, and import/export activities that require careful management of GST and customs regulations. Grouping for GST purposes, cross-border transactions, and the provision of remote services by non-resident suppliers can also introduce intricate compliance issues.