Goods and Services Tax (New Zealand)

Goods and Services Tax (GST) is a value-added tax or consumption tax for goods and services consumed in New Zealand.

GST in New Zealand is designed to be a broad-based system with few exemptions, such as for rents collected on residential rental properties, donations, precious metals and financial services.^[1] Because it is broad-based, it collects 31.4% of total taxation, GDP.^[2]

The rate for GST, effective since 1 October 2010 as implemented by the National Party, is 15%.^[3] This 15% tax is applied to the final price of the product or service being purchased and goods and services are advertised as GST inclusive. Reduced rate GST (9%) applies to hotel accommodation on a long-term basis (longer than 4 weeks). Zero rate GST (0%) applies to exports and related services; financial services; land transactions; international transportation. Financial services, real estate, precious metals are also exempt (0%).

^ "Exempt supplies (GST on exempt, zero-rated, special supplies and receiving remote services)". Inland Revenue. Retrieved 7 March 2020.
^ "GST Background Paper for Session 2 of the Tax Working Group" (PDF). February 2018.
^ "What GST is". Inland Revenue. Retrieved 7 March 2020.

[1] "Exempt supplies (GST on exempt, zero-rated, special supplies and receiving remote services)". Inland Revenue. Retrieved 7 March 2020.

[2] "GST Background Paper for Session 2 of the Tax Working Group" (PDF). February 2018.

[:0-3] "What GST is". Inland Revenue. Retrieved 7 March 2020.

[1]

[2]

[3]