What is the standard GST rate for 2023?

The standard GST rate for the 2023 tax year in New Zealand is 15%.

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New Zealand GST Calculator 2023

Calculate GST Payable or Refundable (15%)

Introduction

🎯 What

New Zealand GST (Goods and Services Tax) Calculator 2023 estimates GST payable or refundable for businesses based on sales, purchases, and GST rates.

👥 Who

Registered GST businesses in New Zealand, accountants, finance officers, bookkeepers, and individuals managing taxable business activities.

💡 Why

To calculate GST accurately, ensure IRD compliance, plan cash flows, and manage GST reporting obligations.

🔢 Enter Finances (NZD)

Total Sales / Revenue (Inclusive of GST if applicable)

Exclusive Inclusive

Total Purchases / Expenses (Inclusive of GST if applicable)

Exclusive Inclusive

GST-free Sales / Exports

GST Credits / Adjustments (+/-)

GST Summary

Enter your sales and purchases to see the GST breakdown.

GST Rate & Rules 2023

GST Rate 2023

Standard Rate: 15% on taxable goods and services.
Calculation: Output GST (Sales) - Input GST (Purchases).
Input GST: Can be claimed on business expenses.

Allowances & Deductions

Input Tax Credits: Claim GST paid on business assets and expenses.
Zero-Rated: Exports are taxed at 0%.
Exempt Supplies: Financial services, residential rent (no GST).

Calculation Examples

Example 1: Payable GST

Scenario: Sales $100,000 (Exclusive), Purchases $50,000 (Exclusive).

Output GST: $100,000 × 15% = $15,000
Input GST: $50,000 × 15% = $7,500
Net GST: $15,000 - $7,500 = $7,500 Payable

Example 2: GST Refund

Scenario: Sales $80,000 (Exclusive), Purchases $90,000 (Exclusive) + $2,000 Adjustment.

Output GST: $80,000 × 15% = $12,000
Input GST: ($90,000 + $2,000) × 15% = $13,800
Net GST: $12,000 - $13,800 = -$1,800 Refund

Example 3: Complex

Scenario: Sales $200k (Excl), Purchases $120k (Excl), Exempt $20k, Credits $500.

Output GST: ($200,000 - $20,000) × 15% = $27,000
Input GST: $120,000 × 15% = $18,000
Net GST: $27,000 - $18,000 + $500 = $9,500 Payable

Frequently Asked Questions

Q: What is GST in New Zealand?

A: GST is Goods and Services Tax charged at 15% on taxable supplies.

Q: Can input GST be deducted?

A: Yes, GST on business expenses reduces net GST payable.

Q: What is the standard GST rate?

A: 15% on taxable sales and services.

Q: Can GST credits or adjustments be applied?

A: Yes, optional credits and adjustments can be entered in the calculator.

Q: Is this calculator official?

A: No, it is for informational and educational purposes only.

⚠️ DISCLAIMER: This New Zealand GST Calculator 2023 is for informational and educational purposes only. Rates and rules are based on IRD GST guidelines 2023. ANTIGRAVITY and etaxing.com do not provide legal, accounting, or financial advice.