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New Zealand law explained for everyone

Income Tax Act 2007

Income - Excluded income

CX 1: Goods and services tax

You could also call this:

“GST charges and refunds are not counted as income for registered persons”

If you are a registered person, you don’t need to include certain things as part of your income. These are:

The output tax on goods and services that you provide to others. Output tax is the GST that you charge your customers.

Any GST that the Commissioner of Inland Revenue pays to you.

These amounts are not counted as part of your income for tax purposes.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1513328.

Topics:
Money and consumer rights > Taxes
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Part C Income
Excluded income

CX 1Goods and services tax

  1. The following are excluded income of a registered person:

  2. output tax on goods and services they supply:
    1. goods and services tax (GST) payable to them by the Commissioner.

      Compare