New Zealand GST
Add GST to a price or pull GST out of a GST-inclusive amount. New Zealand charges GST at 15% on most goods and services in New Zealand.
GST is charged at 15% on most goods and services in New Zealand. A GST-registered business adds GST to the price of its supplies, collects that GST and pays it to Inland Revenue.
You must register for GST if your turnover was $60,000 or more in the last 12 months, or if you expect it to be $60,000 or more in the next 12 months. Below that threshold you can register voluntarily.
GST returns are filed monthly, 2-monthly or 6-monthly. Monthly filing is open to everyone and is required if turnover is more than $24 million. Two-monthly filing applies when turnover is less than $24 million, and 6-monthly filing when turnover is less than $500,000. Returns are filed through myIR.
Keep your invoices and receipts organised so your GST records are easy to check at return time.
Open Scan Center15%. A GST-inclusive price of $115 therefore contains $15 of GST and a net price of $100.
Divide the GST-inclusive price by 1.15. For example, $115 divided by 1.15 is $100, so the GST in the price is $15.
You must register if your turnover was $60,000 or more in the last 12 months, or you expect it to be $60,000 or more in the next 12 months. Below that threshold you can register voluntarily.
GST returns can be monthly, 2-monthly or 6-monthly, depending on your turnover. Returns are filed through myIR.
Sources: Australian Taxation Office and Inland Revenue New Zealand. Check the official guidance for your situation before filing.