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Tax codes/GST (NZ)

New Member
1 0 0

Hi Guys!! 

I'm getting ready to launch my new store. After weeks of planning and finding products etc, I've found that I may need to register as a business for tax purposes. Does anybody know if there is a minimum profit you need to have made before doing so? can it be done after launch? I mean should I not make any sales, I don't want to be stuck with a bill and business banking accounts etc.

The more I read, the more confused I'm getting. Maybe I'm just over thinking it. 

Thank you in advance for any help that comes thorugh. 🙂  

Reply 1 (1)
Shopify Partner
4 0 2

Its based on turnover not profit.  If you turnover more than $60,000 then you must be registered for gst in NZ.  If less than $60K turnover then it is optional to be gst registered.