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No. Residential rental properties are exempt from GST. You cannot charge or claim GST for the supply of residential rental accommodation, therefore there is no
To work out the GST content of a GST inclusive price… With GST at 15% multiply the GST inclusive price by 3 then divide that
If you have an amount of GST (@15%) from a transaction and need to calculate the original price here’s the formula… For the GST Exclusive
It seems quite a few people are struggling to calculate GST correctly, they are incorrectly subtracting 15% from a GST inclusive amount to find
At Kiwitax we genuinely care about every client and give our all in ensuring things are done right and clients’ tax matters are properly looked
Something which has become a little confusing for clients is the where / what / how of using Kiwitax. Should you use Kiwitax via the
To make it more convenient for you to pay your Kiwitax invoice we have a credit/debit card facility with Kiwibank. If ever you’d like to
From 1 April 2017, if you are hiring any contractors that are required to have withholding tax deducted, or are a contractor yourself the IRD have issued a new form to be filled in from April 2017 onwards.
Accounts Payable Amounts companies owe suppliers for goods and services. Listed in the current liabilities section on the statement of financial position. Accounts Receivable Amounts
Stock on Hand is accounted for at the end of each financial year. The reason this is included is because the purchase of goods has
If you purchase secondhand goods for use in your business from someone not associated to you (eg not a family member or relative) – these
We often get asked what the current income tax rates are for individuals and business. These rates apply: Company Tax Rate 28% Trust Tax Rate
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Napier 4144, New Zealand
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