New Zealand GST
GST invoicing and accounting for New Zealand
Pick New Zealand when you set up and Kanakku configures GST for you: New Zealand dollars, an April to March financial year and GST at 15%.
What you get when you pick New Zealand
CurrencyNew Zealand dollar (NZD)
Financial yearApril to March
TaxGST
Rates15% GST
Your chart of accounts, tax accounts and default tax rates are created for you at the same time, so you can start invoicing straight away.
How the tax is worked out
- GST of 15% is worked out on each line's net amount, after any discount.
- The rate is applied on the server, so it cannot be changed from the browser.
- GST on sales and GST on purchases post to their own accounts as you go.
Reports from your books
- NZ GST return summary
- Tax summary
- Profit and loss, balance sheet and trial balance
Figures come from the tax accounts in your ledger, so they reconcile to your trial balance.
Good to know
- Your country, currency, tax regime and financial-year start are fixed once you record your first transaction, so choose them carefully during setup.
- Kanakku prepares the figures for your return. Check your filing obligations and rates with your accountant; this page is not tax advice.
Frequently asked questions
Does Kanakku produce a GST return summary?
Yes. It is built from your ledger's GST accounts and the sales and purchase accounts for the period.
What GST rate does it use?
15%, applied to each line's net amount after discount.
Set up New Zealand GST in a minute
Start on the Free plan, choose New Zealand, and Kanakku configures the rest.