Turning Your Vision Into Reality
GST is a tax on the supply of goods and services in New Zealand by a registered person on any taxable activity they carry out. The rate for GST is 15% although it can be zero-rated for exports.
Certain supplies of goods and services are “exempt supplies”. These include:
All talking is a waste of time
GST registration is required if the annual turnover of the business for a 12-month period exceeds or is expected to exceed $60,000 (exclusive of GST). If your turnover exceeds $500,000 pa you must file your GST return monthly or bi-monthly.
There are three methods of accounting for GST:
If your turnover exceeds $24m per annum, you must use the invoice basis.
If you are selling or are thinking of selling your products through your website, please also refer to our section on E-Commerce.
For more information see the GST section of the IRD website.
we challenge you to be the best you can be
We focus on the solution rather than the problem.
We accept personal responsibility for delivering the best possible outcomes; we adopt a Business Mentoring approach to assist you to achieve your personal and business aspirations.
