New Zealand GST rates and GST compliance

New Zealand GST rates

There are 3 GST rates in New Zealand: the standard, reduced and nil rates.

New Zealand GST rates

Rate Type Which goods or services
15% Standard All other taxable goods and services
9% Reduced Hotel accommodation on long term basis (longer than 4 weeks)
0% Zero Exports and related services; financial services; land transactions; international transportation.
0% Exempt Financial services, real estate, precious metals

New Zealand GST compliance

In providing taxable supplies, and once GST registered, businesses are obliged to follow various compliance rules, including record keeping.

These include:

  • Receipts, purchase invoices, copies of sales invoices
  • Charts of accounts
  • Bank statements and deposit slips
  • Cash books and other account books
  • Adjustment notes and credit or debit notes issued or received
  • Documents or certificates relating to special GST treatment
  • Import and export documentation
  • Orders and delivery notes
  • Purchase and sales books
  • Stock take records, and
  • Records of daily takings (such as till tapes)

New Zealand tax point

The tax point (time of supply) rules determine when GST is due. It is then declared in the proceeding GST return. The general invoice rule is that the tax point is the earlier of the date of the supply or the invoice date.

Businesses may alternatively opt for the cash paid basis if their turnover is below NZD 2 million per annum.

Latest New Zealander news

New Zealand scraps low value GST exemption Dec 2019

Nov 14, 2019

New Zealand is to abolish its 15% Goods and Services Tax exemption for parcels at or below NZD 1,000 (€570) from 1 December 2019. Sellers will instead be obliged to charge GST at the point-of-sale

New Zealand scraps GST import threshold 2019

May 1, 2018

New Zealand is considering withdrawing its low-value consignment stock threshold for import Goods and Services Tax from 1 October 2019. The proposed measure would help...

VAT Reporting update 18.3.1

April 5, 2018

Overview This release is a maintenance release of the VAT Reporting application for the month March. It includes changes to reports, modifications and bug....