Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.


View this topic in a long page with up to 500 replies per page Create new topic
1 | 2 
14450 posts

Uber Geek
+1 received by user: 1899


  Reply # 2067746 3-Aug-2018 20:19
Send private message

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


3272 posts

Uber Geek
+1 received by user: 1282

Subscriber

  Reply # 2067805 3-Aug-2018 21:13
Send private message

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.






 
 
 
 


218 posts

Master Geek
+1 received by user: 35


  Reply # 2067927 4-Aug-2018 10:40
Send private message

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


664 posts

Ultimate Geek
+1 received by user: 114


  Reply # 2068069 4-Aug-2018 18:45
Send private message

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.

1 | 2 
View this topic in a long page with up to 500 replies per page Create new topic



Twitter »

Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.


Geekzone Live »

Our community of supporters help make Geekzone possible. Click the button below to join them.

Support Geezone on PressPatron



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.