Goods and services tax (GST)
What is GST?
While income tax is charged on your income, GST is charged on most expenditure - on the goods that you buy (eg MP3 player) and the services that you pay for (eg getting your MP3 player repaired).
When you buy something from a shop or get a quote for a service, the GST should already be included in the price unless specifically stated otherwise.
The current rate of GST is 12.5%.
How does it impact you?
You'll pay GST on most things you buy.
If you're running a business you may need to register for GST and make payments to us. You may also be able to claim GST back from us.
Want to know more?
GST guide to registration (IR365)
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