You must register for GST:
- When your business or enterprise has a GST turnover (gross income from all businesses minus GST) of $75,000 or more (the GST threshold)
- When you start a new business and expect your turnover to reach the GST threshold (or more) in the first year of operation
- If you're already in business and have reached the GST threshold
- If your non-profit organisation has a GST turnover of $150,000 per year or more
- When you provide taxi or ride sharing travel services for passengers regardless of your GST turnover — this applies to both owner-drivers and if you lease or rent a taxi
- If you want to claim fuel tax credits for your business or enterprise
Contact Strategic Tax Accountants for expert advice on GST registration and compliance.