Tax · Business owner
GST, records, and tax basics
Published
Reviewed · Next review
Check when GST registration is required and what income and expense records Inland Revenue expects.
IRD's GST registration page sets out when registration is compulsory, including sales from a taxable activity reaching its threshold or adding GST to prices. Read its current rules before charging GST; do not assume a small or part-time business is automatically exempt.
Keep the records IRD requires for income and expenses, including invoices, receipts and banking records. Its record-keeping page explains the retention period and format. Use those requirements when setting up your records, and ask a tax professional about your own circumstances.
Key facts
- GST registration can be compulsory because of taxable-activity sales or because GST is added to prices.Sources: Registering for GST
- IRD requires records of business income and expenses.Sources: Records of income and expenses
Official sources
- Registering for GST
Inland Revenue · Accessed
- Records of income and expenses
Inland Revenue · Accessed
Kislap publishes this resource for general information only. Nothing here is immigration, legal, financial, tax, medical, employment, or other professional advice; check official sources and speak with a qualified professional before acting.
Review history (1)
Revision 1 ·
Reviewed IRD requirements and migrated linked facts. Replaced numeric thresholds with official rules and removed unverified claims about financial benefits; retained original publication date.