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Goods & Services Tax (GST)

Standard rate from 1 October 2010: 15%GST

Standard rate to 30 September 2010: 12.5%

Exported goods and services: 0%

Transactions involving land between GST registered persons: 0% (Compulsory zero rating from 1 April 2011)

If you are conducting a taxable activity (activity carried on continuously or regularly) in New Zealand with an annual turnover that exceeds or is likely to exceed $60,000 in any 12 month period, you are required to register for GST. If annual turnover does or will not exceed $60,000, you can voluntarily register for GST provided you carry on a taxable activity.

A taxable activity is any activity carried on continuously or regularly, which involves the supply of goods or services for consideration.

Supplies exempt from GST include: most financial services, residential rental accommodation, wages/salaries and supplies of fine metal (except for those which are zero rated).

Learn more about registering for GST by viewing the IRD Video below.

Need to know more? Refer to the GST Guide.