New GST invoicing and record keeping rules are coming
IRD have recently announced they are making some changes to GST rules for invoicing and record keeping. The changes are designed to support e-invoicing and electronic record keeping. You can find out more about these changes in the link below.
https://www.ird.govt.nz/gst/tax-invoices-for-gst/rules-for-tax-invoices-are-changing-on-1-april-2023
For most of our clients no changes will be required as current processes of retaining invoices to support transactions remain best practice.
If you do have any questions feel free to reach out to us with any queries - we are always here to help.
First Floor
165 Broadway Avenue
Palmerston North 4440
Phone: 06 357 0746
Email: office@dch.co.nz