GST Registration

If you are carrying out a “taxable activity” and if your annual sales are $60,000 or you expect your annual sales to more than this amount then you are liable to register for GST.

Under Section 6 of the GST Act taxable activity means:

any activity which is carried on continuously or regularly by any person, whether or not for a pecuniary profit, and involves or is intended to involve, in whole or in part, the supply of goods and services to any other person for a consideration; and includes any such activity carried on in the form of a business, trade, manufacture, profession, vocation, association, or club:

There a very limited number of exceptions which include long-term residential rents usually via a tenancy agreement and financial services. If you earn short term residential rents such as from Airbnb and your annual turnover from all taxable activities is over $60,000 then you are liable to register for GST covering all taxable activities. The issue here is the property that generates short term residential rents is also captured for GST.

GST is charged to your customers at a rate of 15% to of the value of your goods or services. Filing periods with IRD are usually either two months or six months. 

Further assistance please feel free to contact us.

The information contained within this website is provided for informational purposes only and is not intended to substitute for obtaining accounting, tax, or financial advice from a professional accountant.