{"Term":"Business industry classification (BIC) code","Definition":"\u003cp\u003eYour business industry classification (BIC) code should match your business industry description, based on the main activity you\u0026rsquo;re involved in.\u003c/p\u003e\n\u003cp\u003eYou give your BIC code to government agencies when:\u003c/p\u003e\n\u003cul\u003e\n    \u003cli\u003eapplying for an IRD number\u003c/li\u003e\n    \u003cli\u003eregistering for GST\u003c/li\u003e\n    \u003cli\u003eregistering as an employer\u003c/li\u003e\n    \u003cli\u003efiling tax returns\u003c/li\u003e\n    \u003cli\u003eapplying to go on the Companies Register.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eACC also uses your BIC code to work out the correct classification unit and levy rate your business pays to cover workplace accidents.\u003c/p\u003e\n\u003cp\u003eYou can find the right BIC with the Business Industry Classification Code website.\u003c/p\u003e\n\u003cp\u003e\u003ca href=\"https://www.businessdescription.co.nz/\" class=\"quick-links-external\"\u003eBusiness Industry Classification Code\u003c/a\u003e\u0026nbsp;\u003c/p\u003e","TeReoTerm":"","TeReoDefinition":""}