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August 2010 upcoming gst rate changes - Graham and Dobson - grahamdobson co

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The document outlines upcoming changes to the Goods and Services Tax (GST) in New Zealand, increasing from 12.5% to 15% effective October 1, 2010. It details the transitional GST return process, necessary adjustments for accounting systems, and important considerations for businesses regarding pricing and invoicing. Additionally, it discusses petrol rebates for farms, implications of accepting cheques in full settlement of debts, ownership issues related to joint bank accounts, and a new PDF file creator tool. The document also includes a light-hearted anecdote about Australians and Kiwis traveling by train.

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