New Zealand GST Calculator 2022
Calculate Goods and Services Tax (GST) at standard 15% rate.
Introduction
🎯 What
New Zealand GST Calculator 2022 estimates GST payable or refundable for businesses and consumers according to IRD 2022 GST rules.
👥 Who
Businesses registered for GST in New Zealand, Accountants and tax advisors, Consumers calculating GST-inclusive or GST-exclusive prices.
💡 Why
To accurately compute GST obligations or inclusive pricing, ensure compliance, and simplify accounting and reporting.
🧾 Transaction Details
Amount not subject to GST logic
💵 GST Summary
New Zealand GST 2022
GST Rules
- Standard Rate: 15% on taxable goods and services.
- Payable: Taxable Sales × 15%
- Refundable: Input Items × 15%
- Inclusive to Exclusive: Price ÷ 1.15
Allowances
- GST-registered businesses claim input tax credits.
- Exempt supplies do not require GST payment.
- Zero-rated supplies are taxed at 0%.
Calculation Examples
Example 1: Sales GST Payable
Sales Amount: $10,000 (Exclusive)
GST = 10,000 × 15% = $1,500
Total Inclusive = $11,500
Example 2: GST Refundable
Purchase Amount: $5,000 (Exclusive)
GST = 5,000 × 15% = $750 Refundable
Example 3: Extracting GST
Inclusive Price: $11,500
GST Component = 11,500 × 3/23 = $1,500
Exclusive Price
= $10,000
Frequently Asked Questions
Q: What is GST?
A: Goods and Services Tax is a 15% 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: Are all goods taxed at 15%?
A: Most goods and services are, some are exempt or zero-rated.
Q: Is this calculator official?
A: No, it is for informational purposes only.
⚠️ DISCLAIMER: This New Zealand GST Calculator 2022 is for informational and educational purposes only. Rates and rules are based on IRD 2022 guidelines. ANTIGRAVITY does not provide legal, accounting, or financial advice.