GST Tax Code sold to GST company and drop ships to international customer

[marlonnz]

Hi,

I need help to figure out the GST tax code for the scenario below.

NZ entity A buys goods from supplier overseas, then sells to NZ entity B.

NZ entity B sells the goods and drop ships to an international customer.

Note: The goods are not imported to NZ.

Tax code for purchase of goods when NZ entity B buys from NZ entity A= ?

Tax code for sale of goods whn NZ entity A sells to NZ entity B= ?

Will the tax code be zero rated?

Thank you,

Marlon

[Aimée_S]

Hi @marlonnz 

Thanks for your post. As we’re not accountants or tax advisors, we’re not allowed to advice on which GST tax code you should use. You will need to discuss this with your accountant.

Once you know what you need to record, I can help you with how to record it in your software.