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GST and your business

September 17, 2021

Chris Lynch, CA, Managing Director


Goods and services tax (GST) is a tax on most goods and services in New Zealand, most imported goods, and some imported services. It is added at a rate of 15%.

As a consumer, you’re probably already familiar with GST and know it’s figured into the invoices you receive for most of the goods and services you pay for.

As a business owner, GST is not a tax on your business income. Your customers pay this when buying your goods and services. You collect GST on behalf of the government.

Your business is a ‘taxable activity’. The goods and services you supply to consumers are taxable and the government considers it reasonable for you to be able to claim back the GST you pay when you pay for goods and services.

Talk to us if you would like help with setting up your business for GST or filing your GST returns.

DOWNLOAD THE GUIDE TO GST FOR YOUR BUSINESS

Chris Lynch, CA, Managing Director

Lynch & Associates Limited

Email Chris Lynch

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