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A Comparison of the Goods and Services Tax general time of supply rules in New Zealand and Australia.

Publication date: 01 Dec 05 | Source: NEW ZEALAND JOURNAL OF TAXATION LAW AND POLICY

Issue: Vol 11 no 4 2005

Pages: pp. 441-476

This article deals with the general time of supply rules in New Zealand and Australia. The author compares the meaning of "payment" for the purposes of the New Zealand and Australian goods and services tax legislation and concludes that in both countries, payment is any quid pro quo given to or accepted by a supplier or seller that discharges the other party'e obligations to that supplier. In Australia, the trigger for the general time of supply rule (referred to as an attribution) is "any consideration or issue of an invoice" whilst its New Zealand counterpart is "any payment of issue of an invoice".

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Author profile

Kalmen Datt
Kalmen is a senior lecturer in the School of Taxation and Business Law at the University of New South Wales, Australia and teaches courses which include GST, CGT, International Tax and Tax Litigation. Kalmen was previously a barrister in South Africa and a solicitor/barrister in NZ and has been admitted as a solicitor in Australia. He has practiced in courts of first instance and appeal. He has completed courses in mediation and has appeared in mediations and arbitrations as counsel. Prior to immigrating to Australia, Kalmen was a solicitor with Inland Revenue (IRD) in NZ advising on tax issues and was an advisor to a specialist anti avoidance team at IRD. He assisted the School of Business at the University of Auckland in teaching various tax courses. Kalmen has successfully completed the Common Professional exams in the UK. - Current at 26 July 2017
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