Find out who is required to register for GST and learn about special types of GST registration.
You must register for GST if you carry out a taxable activity and:
As soon as any of these things apply to you, you must register for GST within 21 days.
Taxable activity - GST is charged on the supply (sale) of most goods and services in New Zealand and some specified imported services. Supplying or making a supply is your taxable activity.
Turnover - This is the total gross value of all goods and services you sell or provide in New Zealand, excluding GST. It includes exported goods as well as grants, subsidies and barter arrangements. It does not include the sale of stock and assets when you wind down a business, the sale of plant or replacement of assets, GST-exempt goods and services or unconditional gifts.
You don't have to register for GST simply because you start a company, have an IRD number, or because you're in business or trading.
Specifically, you don't have to register for GST if:
Some circumstances require a special type of GST registration. These are:
If your turnover is under $60,000 you can voluntarily register for GST, but bear in mind:
We encourage you to register only when you know your turnover will be more than $60,000 in the next 12 months. For example when your turnover is $5,000 per month and you expect to maintain that level all year.
Open market value is the price you might reasonably expect to get for an asset in a competitive auction setting in New Zealand on that date.
Once you've worked out if you need to register, find out the next steps in the GST registration process.