Goods & Services Tax
Goods and services tax (GST) is a tax on most goods and services in New Zealand, most imported goods, and certain imported services. GST is added to the price of taxable goods and services at a rate of 15%.
You need to register for GST if you carry out a taxable activity and your annual turnover is more than $60,000.
What are taxable goods and services?
- Goods include all types of personal and real property, except money.
- Services covers everything other than goods or money, eg TV repairs, doctor's services and gardening services.
- Taxable goods and services are part of the business or taxable activity. This means you supply or receive taxable goods and services for a consideration (money, compensation, reward) but not necessarily for profit. We refer to taxable goods and services as "taxable supplies".
Taxable goods and services don't include:
- Goods and services supplied by businesses that aren't registered for GST, and
Exempt supplies such as:
- letting or renting a dwelling for use as a private home
- interest you receive
- donated goods and services sold by a non-profit body, and
- certain financial services.