Taxation (Residential Land Withholding Tax, GST on Online Services, and Student Loans) Bill

  • enacted
59 Section 25 amended (Credit and debit notes)

(1)

After section 25(1)(aa), insert:

(aab)

section 8(4) was incorrectly applied to the treatment of the supply, so that the services were treated as having been supplied in New Zealand when they should have been treated as being supplied outside New Zealand, for a supply—

(i)

made by a non-resident supplier of services to which section 8(3)(c) applies; and

(ii)

for which no election was subsequently made under section 24(5B); or

(2)

After section 25(1)(ab), insert:

(abb)

section 11A(1)(x) was incorrectly applied to the treatment of the supply, so that the supply was not zero-rated when it should have been, and the supplier did not subsequently make an election under section 24(5B); or