For many Kiwi businesses dealing with the GST change is their biggest concern right now.
Chances are that the upcoming changes to GST rates are keeping many of the 600,000 GST registered business owners in New Zealand awake at night – and making software developers and IT consultants rub their hands together with glee!
Altering your systems to comply with GST changes sounds like a simple job, but many businesses could be in for a nasty surprise. So here’s some things to think about…
GST change – What do I need to do?
How do I price the rise in GST?
What are the IRD rules?
There are different general rules that will apply when the GST rate changes, depending on whether your business accounts for GST on an invoice or payments basis…And then there are rules for specific transactions…
Confused? Click here for a guide
Dates you may need to be aware of
Depending on your individual business circumstances the GST due dates that apply to you may be different.
Click here to download a calendar showing due dates for the 2010-2011 tax year.
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