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North Island flooding Many of you have been affected by the flooding in the North Island and may need help keeping up with your tax obligations. Find out more

You can still register for GST if your turnover from a taxable activity is less than $60,000.

The advantages of registering for GST include:

  • it helps you keep on top of your paperwork and see how your business is doing
  • you can claim on your expenses relating to your taxable activity
  • it might make it easier to deal with your suppliers.

The disadvantages of registering for GST include:

  • you need to add GST to your prices
  • you need to file returns regularly
  • you are charged penalties if your returns or payments are late.
Last updated: 28 Apr 2021
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