Goods and services tax (GST) is a 15% tax added to the price of most goods and services in New Zealand, including most imported goods and some imported services. If you carry out a taxable activity and your turnover (gross income) for the last 12 months was $60,000 or more, or if GST is included in your prices, you must register for GST. If you don’t have a turnover of under $60,000 you don’t have too, it may be advantageous to do so in certain circumstances.
Avoid penalties, save time and ensure you claim on all the business expenses you can claim back. Ake accounting can complete your GST returns and help ensure you meet your compliance obligations for GST. Contact us to find out more.