SMALL BUSINESS GUIDES
Your guide to Goods & Services Tax (GST)
GST returns for small business
In New Zealand, if you’re a business that has registered for the goods and services tax and has either charged GST to customers or paid GST to your suppliers, you’re obliged to submit a GST return. This will apply to all small businesses turning over more than...
GST returns for small business
GST returns for small businesses can be tricky. Read further to find out more on how to file GST returns and refunds.
Taxable & supplies exempt
What activities are considered GST exempt? Read further to find out more on what is considered GST exempt here!
How to calculate GST
If you would like to know how to calculate GST, how much you will pay or should charge, follow these easy steps.
What can I claim GST back on?
Unsure on how to claim back GST for your small business? Read further to find out more on what you can and can’t claim.
How does GST work for small businesses?
Running your own company? We’re here to clarify everything about GST for small businesses so that you’re ready for all things GST related. Learn more!
What is GST?
Would you like to learn about GST and what small businesses should consider? Check out this GST guide and discover how it can impact you.
Registering for GST
Registering a company for GST? If you are a small business owner & want to learn how to register your business, read more here.
GST FAQs
When did GST start in New Zealand?
The Goods and Services Tax (GST) came into effect in 1986. Its purpose was to overhaul the taxation system and rectify a large budget deficit.
What is the GST threshold?
The GST threshold is a GST turnover of $60,000. You must register for GST and in these circumstances:
- Your turnover was at least $60,000 in the last 12 months, or you expect it will be at least $60,000 in the next 12 months
- You add GST to the price of the goods or services you sell.
What is GST turnover?
GST turnover is the gross income (before tax) of your business, excluding the 15% GST charged in sales to your customers. Turnover is not the same as profit. Profit is the money you have after you’ve paid your expenses.
What is the GST on exports?
If your business exports goods and services overseas from New Zealand they are generally zero-rated GST supplies. That means the exported goods are billed at GST of 0%; and you can claim back input GST.
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