Paul-Henri MOREAU, Paris, FRANCE
We have a New Zealand company which operates exclusively outside of New Zealand, importing and exporting textiles on the international market. Do we still need to register for GST even though we are not operating in New Zealand and have no intention to operate in New Zealand?
Under current New Zealand tax regulations, any New Zealand registered entity which meets any of the following conditions must be register for GST:
- Turnovers or taxable activity exceeding NZD 60 000 in the previous 12 months, or
- Turnovers or taxable activity is expected to exceed NZD 60 000 in the next 12 month.
All companies that become liable to register for GST (by meeting the above criteria) must apply for a GST registration within 21 working days of becoming liable.
It is possible for New Zealand companies to apply for GST during the incorporation process.
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