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GST decision could lead to higher fees
Wednesday 9th of December 2015
The IRD is proposing making fund management fees GST-free.
At present, the tax is levied on 10 per cent of fund fees.
The change would mean that fund managers would not be able to claim GST back on the payments they made to other suppliers.
That would be disproportionately painful for boutique managers who do not have the scope to move their GST claims to other parts of the...
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