News

IRD signals GST-free fees

Friday 10th of February 2017

The two Questions We’ve Been Asked (QWBA) documents released on Thursday were expected as long ago as July last year.

The two documents propose that fees paid to the manager of a unit trust are not subject to GST but that administrative services, such as registry, fund accounting and unit pricing by a third party under a contract with the manager, are taxable.

The documents say th...

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