GST Registration

GST Services in Auckland

What is GST? 

GST stands for Goods and Services Tax. It refers to the tax on most services and goods in New Zealand. Any GST-registered outlet can build GST into the price of their services and goods at a rate of 15%. 
Tax professional doing analysis

Why Do You Need to Register? 

According to the Inland Revenue Department (IRD), anyone who performs a taxable activity and has an annual turnover of more than $60,000 should register for GST. A taxable activity means anything carried out regularly by a business, manufacturer, professional or association. Generally, the annual turnover refers to the total sales and income made in a year. 
 
A GST-registered enterprise collects GST on behalf of the Government by adding it into the prices of their products and services. They claim GST back on the products or services they have bought as business expenses. 

In your case, failing to register for GST will not only lead to certain penalties, it can also rob you off some benefits. 

How is a GST Registration Beneficial to Your Business? 

You will find that companies and partnerships generally prefer to work with GST-registered businesses.

Adding GST to your prices enables you to work with the tax money over the taxable period (one-monthly, two-monthly or six-monthly) before completing your GST return.

 Moreover, filing your GST returns regularly enables you to keep your records up-to-date and accurate. 

How Can We Help? 

ITP The Income Tax Professionals can provide you with advice on GST registration and other related concerns. We can also assist with GST registration and fulfilment of GST Returns. For a competitive fee, we guarantee you will be getting efficient and reliable services. 
Tax professional discussing about tax with her client
For more information about GST, GST registration and how we can serve you,
 Contact Us Today! 09 836 2068
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