New Zealand GST Calculator 2021
Calculate 15% GST for Goods and Services.
Introduction
🎯 What
New Zealand GST Calculator 2021 estimates Goods and Services Tax (GST) payable or refundable based on the specific rules and rate (15%) for the 2021 tax year.
👥 Who
Businesses registered for GST, Accountants, Consumers, and anyone needing to split GST inclusive/exclusive prices.
💡 Why
To correctly calculate GST obligations, pricing, and ensure compliance with IRD regulations.
🧾 Transaction Details
GST Summary
Total Inclusive
$0.00
New Zealand GST Rules 2021
GST Rate
- Standard Rate: 15% on most goods and services.
- Zero-Rated: 0% on exports and some financial services.
- Exempt: No GST on residential rent, donated goods sold by non-profits.
Calculation Logic
- Add GST: Price * 1.15
- Extract GST: Price * 3/23 (approx. 0.1304) or Price / 1.15
Calculation Examples
Example 1: Add GST
Exclusive Price: $100
GST = $15
Total Inclusive = $115
Example 2: Extract GST
Inclusive Price: $115
GST = $15
Net Exclusive = $100
Frequently Asked Questions
Q: What is GST?
A: Goods and Services Tax is a tax on most goods and services in New Zealand.
Q: Who must pay GST?
A: Businesses registered for GST must charge it on taxable sales.
Q: Can GST be claimed on purchases?
A: Yes, input GST on business purchases can be claimed as a credit.
Q: Is this calculator official?
A: No, it is for educational and informational purposes only.
⚠️ DISCLAIMER: This New Zealand GST Calculator 2021 is for informational purposes only. Rates and rules are based on IRD 2021 guidelines. ANTIGRAVITY does not provide legal, accounting, or financial advice.