In the year to March 2026, net Inland Revenue GST totalled $29,808 million up 4.2% on last year. In the previous year to March 2025, net Inland Revenue GST grew by 1.2%.
The graph above shows net GST Inland Revenue collected by turnover band, from the year ended March 2004 to the year ended March 2026.
Most growth in net Inland Revenue GST from 2004 to 2026 has been in customers with GST turnover exceeding $2 million.
- For taxpayers with turnover between $2 million and $20 million, net Inland Revenue GST grew by 2.7% in the year to March 2026, compared to growth of 2.3% in the previous year.
- For taxpayers with turnover greater than $20 million, net Inland Revenue GST grew by 7.8% in the year to March 2026, compared to growth of 1.4% in the previous year.
- For taxpayers in the $500,000 to $2 million turnover band, net GST increased by 0.2% in the year to March 2026, compared to growth of 1.7% in the previous year.
- For taxpayers with GST turnover between $60,000 and $500,000, net Inland Revenue GST decreased by 1.0% in the year to March 2026, compared to a fall of 1.8% in the previous year.
In the turnover bands of $60,000 and below, Inland Revenue delivers a net GST refund overall. The net refund has increased from -$1,294 million in the year to March 2025 to -$1,336 million in the year to March 2026.
Last updated:
24 Aug 2026