Goods and Services Tax Act 1985 explained

Short Title:	Goods and Services Tax Act
Legislature:	New Zealand Parliament
Status:	Current

The Goods and Services Tax Act is an Act of Parliament passed in New Zealand in 1985.

The Act established a consumption tax in New Zealand, originally set at 10%, but subsequently raised to 15%. GST is a tax of 15% on all goods, services and other items sold or consumed in New Zealand. Individuals become liable to pay GST when their annual turnover exceeds NZ$60,000 in any 12-month period.^[1]

External links

• Text of the Act

Notes and References

1. Web site: Comparing New Zealand and Australia's goods and services tax (GST) systems (Australia and New Zealand). Inland Revenue. en. 2020-05-11.