Types of business income

Business income can cover anything from selling goods online to investing overseas to running a large company. How your income is taxed depends on what kind of income it is.

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Business income overview Business income is not always money. You may need to include these amounts in your income tax return.
Online trading of goods and services When you’re selling goods or services over the internet, you have the same tax obligations as any other business.
Grants and subsidies Whether you pay tax on grants and subsidies you receive depends on why you got the payment and what you used it for.
Trading stock Trading stock includes goods and materials held for sale or used to produce goods for sale. Specific rules apply to what is trading stock, how it is valued and how it is taxed.
Donations for businesses Find out about paying income tax when your business gets donations or gifts and how to treat voluntary payments you make to others.
Income from direct selling Distributors for direct selling companies are commission agents, independent resellers or employees — how you'll pay tax will depend on the type of distributor you are.
Amateur and professional sportspeople You may need to pay tax on prize money you win from sports events and competitions, even if your code lets you compete as an amateur.
Income from portfolio investment entities Companies, partnerships and trusts can also invest in portfolio investment entities (PIEs) but have different rules.

Ngā momo moni whiwhi pakihi Types of business income

Types of business income