Do You Need to Register for GST? Find Out Here
Wondering if your business needs to register for GST in New Zealand? Here’s a quick guide to help you determine if and when to register.
GST Registration Threshold
In New Zealand, businesses with an annual turnover of over NZD 60,000 must register for GST. If you make less than this amount, registration is optional.
Benefits of Registering Early
Even if your business earns less, registering allows you to claim GST on business expenses. This can be beneficial for startups or businesses with high expenses.
How to Register
If you need to register, you can do it online through Inland Revenue’s website. Have your IRD number and business details ready.