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When and how to cancel your GST registration

When to cancel your GST registration

You should cancel your GST registration if:

  • you end all taxable activities and you don't intend to start a new taxable activity within the next 12 months, or
  • your turnover for the next 12 months will be less than $60,000. However, you may remain voluntarily registered.
Exception

However, if you've built GST into your sale prices then you can't cease your GST registration even if your turnover drops below $60,000. For example, if a taxi company requires its drivers to charge GST, they must be registered for GST regardless of their turnover.

Cancelling a separate registration

If you've registered branches or divisions of your business separately, the parent body may cancel the separate registration of any of the branches at any time. To do this, the parent body must apply to us in writing.

After cancellation, the parent body must account for GST and be responsible for all of the branch's taxable activity.

If you cancel the parent body's registration, the separate registrations of the branches will also be cancelled automatically.

How to cancel your GST registration

If you have a myIR account and file your returns online, you can cancel your GST registration when you complete and submit your final GST return.

Alternatively send us a letter with your GST cancellation details if you file a paper return or call us on 0800 377 776.

We'll issue you a notice of your actual GST cancellation date. It will be the last day of a taxable period.

We may cancel your GST registration if:

  • you've been filing nil returns for some time - indicating no taxable activity
  • your business is not defined as a taxable activity (eg a hobby)
  • your taxable activities have stopped.

We'll send you a notice of your actual cancellation date. It will be the last day of the last taxable period.

Next steps

 


Date published: 31 Aug 2012

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