Modernising GST (Goods and Services Tax)

Changes aimed at modernising GST rules for invoicing and record keeping are being introduced.

Some changes came into effect on 30 March 2022. The majority come into effect on 1 April 2023.

The new rules are designed to support e-invoicing and electronic record keeping, particularly New Zealand’s adoption of the Pan European Public Procurement Online (PEPPOL) framework.

There is no change to the GST calculation, only the rules relating to invoicing and record keeping.

Overview of changes

Starting on 1 April 2023, there will be new terminology to support flexible record keeping practices. For example, the term 'taxable supply information' will replace the current term 'tax invoice'.

In addition, starting on 1 April:

• new information requirements will need to be met based on the value and type of the supply
• transaction records, accounting systems, supplier agreements and contracts can be used to meet the information requirements
• a single document that holds all the supply information will no longer need to be kept, such as a tax invoice, credit note or debit note
• taxable supply information can be provided using an automated direct exchange between a buyer's and seller’s software, for example, PEPPOL e-invoicing.

For more information and details around the new terminology, rules, and documentation requirements, please visit our link below.

Communicating the changes

We’ll be communicating these changes to GST registered customers from 18 October. If you have a client with a mail redirect on, they will be excluded. To help impacted clients prepare for the changes, you may like to share the link included below. We’re also working with digital service providers to support them in making any changes that might be needed. 

You and your clients can find out more about all the changes:

Modernising record keeping for GST