The GST Rate(s) Applied on the Invoice in New Zealand
The GST rate is the percentage applicable to the value of goods sold. It is a consumer tax and is therefore applied to the value of goods sold. The primary mechanism of the application or calculation of GST:
Price inclusive of GST = Price exclusive of GST * (100 + GST rate) / 100
Price exclusive of GST = Price inclusive of GST / (100 + GST rate) * 100
GST rate = (Price inclusive of GST / Price exclusive of GST - 1) * 100
There is a 15% standard GST rate in New Zealand, however some categories of products or services may have reduced GST rates or to be exempt from GST.
Invoicing tools for New Zealand: