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The differences between exempt supplies and zero-rated supplies for GST purposes

There are two main differences between exempt supplies and zero-rated supplies:

  • When determining the GST threshold of $60,000 a year, zero-rated transactions are included in the calculations while exempt transactions are not included for this purpose.
  • For zero rated transactions, taxpayers can claim input tax credit (expenses) for the cost of producing the zero rated supplies. In the other hand, taxpayer is not allowed to claim input tax for costs relating to exempt supplies transactions. 


Disclaimer: The following answer necessarily sets out general principles only. The facts of particular cases always need to be considered carefully, and it may be necessary to obtain advice from a tax expert.

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