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14342 posts

Uber Geek
+1 received by user: 1862


  Reply # 2067746 3-Aug-2018 20:19
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Tzoi:

 

But there's no requirement to provide a tax invoice unless requested

 

 

 

 

Although this is a bit of a tangent, I was told by one company where I asked for  tax invoice, and they said they they don't have to provide it for items less than $50. But that doesn't seem to be correct according to https://www.ird.govt.nz/gst/work-out/work-out-records/records-tax/tax-info/tax-info.html


3098 posts

Uber Geek
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Subscriber

  Reply # 2067805 3-Aug-2018 21:13
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mattwnz:

 

Tzoi:

 

But there's no requirement to provide a tax invoice unless requested

 

 

 

 

Although this is a bit of a tangent, I was told by one company where I asked for  tax invoice, and they said they they don't have to provide it for items less than $50. But that doesn't seem to be correct according to https://www.ird.govt.nz/gst/work-out/work-out-records/records-tax/tax-info/tax-info.html

 

 

 

 

IRD:

 

Supplies of $50 or less  

 

A tax invoice is not needed for supplies of $50 or less (including GST). However, it is best practice to keep records for these purchases, such as invoices, vouchers or receipts. At a minimum, record the date, description, cost and supplier of all purchases.

 

 

Seems clear to me.

 

And understandable. Not much point in forcing the local dairy to provide a tax invoice to the kid who has spent 50c on some lollies.






200 posts

Master Geek
+1 received by user: 33


  Reply # 2067927 4-Aug-2018 10:40
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You don't need a tax invoice to claim an input tax credit if the item is below $50, and likewise a seller is not obligated to provide you a tax invoice on an item below $50 even if you request one


630 posts

Ultimate Geek
+1 received by user: 109


  Reply # 2068069 4-Aug-2018 18:45
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https://www.ird.govt.nz/gst/work-out/work-out-records/records-tax/tax-info/tax-info.html

 

 

 

Tax invoice for supplies worth more than $1,000 

 

For supplies worth more than $1,000 (including GST), the tax invoice must clearly show:

 

  • the words "tax invoice" in a prominent place
  • the name (or trade name) and GST number of the supplier
  • the name and address of the recipient of the supply
  • the date the invoice was issued
  • a description of the goods and/or services supplied
  • the quantity or volume of the goods and/or services supplied.
    Examples: litres of petrol, hours of labour, kilos of potatoes etc.

It must also have either:

 

  • the amount, excluding tax, charged for the supply
  • the GST and the total amount payable for the supply, or
  • a statement that GST is included in the final price if it has been.

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