Zero-rating of tooling costs to non-residents
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Zero-rating of tooling costs to non-residents
Form Number: IR 589 / Form Code: IR 589
About this factsheet
IR589 explains when tooling costs supplied to a non-GST-registered non-resident can be zero-rated.
When zero-rating applies
The tools must be used in New Zealand solely to manufacture goods that will be exported. The tools do not need to be exported, but must not be used to manufacture goods supplied in New Zealand. Keep the relevant tools and income records separate from other transactions.
