Are you a new startup business or a growing business in New Zealand? If yes – keep reading!

In this article, we have breakdown the confusing GST into a simple yes/no guide that will help you make a decision that suits your business needs. But first, what is GST? and how will it be beneficial for me and my business?

What is GST?

  • 15% tax on supply/sale of goods and services in New Zealand, and most imported goods and services

What are the benefits?

  • You can claim for GST refunds

Do I need to register for GST?

  • You/your business is expecting to turn over $60,000 next year = YES!
  • Less than $60,000 turn over next year = Not really (but can voluntarily)

To read more about GST in details please visit: Inland Revenue – GST Guide