GST and floating a company

Terms we use

When we say:

• you, we mean you as a registered GST entity
• GST Regulations, we are referring to the A New Tax System (Goods and Services Tax) Regulations 1999
• purchases, we are referring to the GST term acquisitions
• GST credits, we are referring to the GST term input tax credits.

Introduction

You float a company when you list its shares on a public stock exchange.

When you float a company, special rules apply to claiming GST credits for the GST included in the price of purchases you make to supply the securities.

For more information about these special rules, see Purchases you make during a flotation.