GST
GST or Goods and Services Tax is the New Zealand equivalent of VAT.
It is a sales tax that is applied at the universal rate of 12.5% on almost everything you buy - notable exceptions are:
- house sales
- house rentals
- privately sold second-hand goods
- financial services such as mortgages, loans and investments
- the sale of a business that is capable of being a going concern.
GST should almost always be included in the price you see in shops and advertisements; where it is not, for example in office supply catalogues and quotes by trades people, it should be clearly indicated.
For an exhaustive list of GST exemptions and more information about GST, see the Inland Revenue website http://www.ird.govt.nz/.
Don't hesitate to contact us if you have any questions about your tax position as a UK migrant to New Zealand or a Kiwi returning from the UK.
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Last Updated ( Friday, 19 February 2010 )
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