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New Zealand's GST Tax

GSTGST 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.

Broadbase International will work with you every step of the way to help you make a confident start to your new life in New Zealand. Please contact us if you have any questions about the financial side of life in New Zealand, and don't forget to order your free copy of our comprehensive New Zealand Guide.

Last Updated ( Tuesday, 02 March 2010 )
 
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