Goods and Services Tax - Debt factoring arrangements
This public ruling considers whether a GST input tax deduction can be claimed for a bad debt write-off when a debt is factored. The ruling replaces BR Pub 06/01.
Goods and Services Tax Act 1985 – ss 3(1), 3(4), 14(1), 20(3)(i), 26 and 26A
Case T27 (1997) 18 NZTC 8,188