Budget 2010 included an increase in the rate of tax to pay on goods and services (GST) from 12.5% to 15% from 1 October 2010.
The new rate of GST may affect the prices that you pay on certain goods and services. It is up to each business to determine how much of the 2.5% increase is passed on. Find out more about the GST changes for consumers.
Businesses and organisations registered for GST need to start planning now for the rate increase to 15% on 1 October 2010. You'll need to consider the impact this will have on GST returns, accounting processes and software, invoicing, receipts and your suppliers, customers or clients.
Date published: 05 Jul 2010
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