Like all taxes, GST can be complicated, but for most business owners it can be pretty straightforward once you get to grips with the basics. To do so, it’s necessary to understand how GST works.
Many business owners think GST costs them money, but in fact, as a GST registered entity, the typical business owner is merely acting as a paid (yes, paid!) tax collector of behalf of the IRD. This is because GST is only a cost to the final consumer, not to the GST registered business owner who can reclaim the GST he or she pays on purchases of goods and services.
