Goods And Services Tax (New Zealand)
Goods and Services Tax (GST) is a value added tax in New Zealand.
GST in New Zealand is designed to be a broad based system with few exemptions. Exceptions that do exist include rents collected on residential rental properties, donations, precious metals and financial services.
End-users pay this tax on all liable goods and services directly, in that the purchase price of goods and services includes GST.
The existing rate for GST effective from 1 October 2010 is 15%.
Read more about Goods And Services Tax (New Zealand): Background, How It Works
Famous quotes containing the words goods, services and/or tax:
“When goods increase, those who eat them increase; and what gain has their owner but to see them with his eyes?”
—Bible: Hebrew, Ecclesiastes 5:11.
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—Edmund Burke (1729–1797)