{"id":33200,"date":"2023-01-04T15:53:00","date_gmt":"2023-01-04T15:53:00","guid":{"rendered":"https:\/\/businessyield.com\/?p=33200"},"modified":"2023-01-05T11:49:26","modified_gmt":"2023-01-05T11:49:26","slug":"how-to-avoid-problems-with-gst-documentation","status":"publish","type":"post","link":"https:\/\/businessyield.com\/finance-accounting\/how-to-avoid-problems-with-gst-documentation\/","title":{"rendered":"How To Avoid Problems With GST Documentation","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\n

Goods and services tax (GST) in New Zealand is essentially a tax imposed on all the goods and services directly sold to buyers and consumers in New Zealand. GST covers almost all goods and services. However, there are goods and services which are GST-exempt, and there are also zero-rated ones.  <\/p>\n\n\n\n

If you have an overseas business and you\u2019re planning to sell to New Zealand customers, you might want to check this calculator<\/a> on how to compute the GST that you\u2019ll have to collect and remit. Border authorities can refuse to release your goods if it\u2019s not clear whether GST has already been collected or not.\u00a0\u00a0<\/p>\n\n\n\n

#1. Register For GST Transactions And Collections<\/span><\/h3>\n\n\n\n

You should register your business for GST transactions to avoid problems with documentation if you\u2019re a covered overseas business<\/a>. All businesses and persons involved in the sale of goods and services directly to New Zealand consumers that make an annual turnover of at least NZD$60,000 are required to register for GST payments. If you\u2019re not yet making a yearly turnover that meets the minimum threshold, you\u2019re not required to register for GST transactions.\u00a0<\/p>\n\n\n\n

If you\u2019re not very sure whether your sales or gross revenues meet or exceed the minimum threshold, here are a few things you consider:<\/p>\n\n\n\n