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| How G.S.T. Works |
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Most goods and
services supplied in New Zealand have GST added to the price.
GST-registered businesses charge GST on their sales, and claim
back the GST on their purchases. They pay the difference to Inland
Revenue. The final consumer of a product ends up paying the GST,
and can't claim it back. |
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| Unregistered Businesses |
Businesses
that aren't GST-registered can't charge GST on their sales, or
claim back the GST on their purchases. |
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| Importing |
The
issue of GST charged on imports and their recovery is covered
in our Page "GST
and Importing" as there are a number of specific issues
related to this. |
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| Exporting |
If
you manufacture any product in New Zealand and export it you
can claim back the GST inputs but only return the exported sale
at a rate of Zero GST.
The only exemption is Financial transactions for which GST is
not returned as an output or sales amount. There are tight rules
applicable to this area.
If your export or are involved in financial transactions then
consult your accountant on how these will impact your GST returns.
There is a difference between exporting and the rule applied
for services where services are provided outside of the country
for use in the country and rules established in 2002 cover this
specifically. |
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| Publications |
As with other taxes
the Inland Revenue has available free GST Guides GST - Do you
need to register? (GST 605) GST
Guide (GST 600) and the later all companies should hold a
copy for ready reference. |
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