When to register for GST?
Registration and Requirements
- Do I need to register my business for GST?
- Register your GST if you are:
- a person
- a company
- an incorporated or unincorporated society or club
- a joint venture or partnership
- a trustee or a trust or estate
- a public or local authority.
- And either of the following conditions apply to you:
- you carry out a taxable activity and your turnover was at least $60,000 in the last 12 months, or you expect it will be at least $60,000 in the next 12 months
- you carry out a taxable activity and you add GST to the price of the goods or services you sell.
- Register your GST if you are:
A taxable activity refers to any ongoing or regular activity by an individual or entity that supplies or intends to supply goods or services for money or other reward.
This includes activities that may not generate a profit.
The following are not considered taxable activities:
- working for salary or wages
- selling items as a hobby or recreation
- selling the occasional domestic item
- making GST-exempt supplies.
There are plenty of guides and information on how to register for GST at the IRD website. You might get overwhelmed in the amount of information and at the same time want to make sure everything is set up correctly. DVA is here to help - we provide services in GST registration and make sure your entity is linked to our IRD Agent’s list so that we can handle the correspondence on your behalf.
Visit our Accounting and Tax Services | GST page