(Originally posted 03 August 2026)
Policy from Grant Seton
New Zealand Taxes: GST and FBT
GST:
Time for the GST threshold for Small Businesses under 60k paying zero [GST], to [instead] pay GST from their first sale.
The reason for the threshold in the first place was to help Small Business not have as much admin, but the systems are out there now to cope with that calculation.
But wait, there's more that can be done about the admin and application of GST overall and the rate - and by rate I don't mean Increase, I mean [to] Decrease it. It started at 10% under a Labour Govt, then went to 12.5% under a later National Govt and then it went to 15% ! under a later National Govt.
FBT:
Needs to go, gone !
It's an envy tax by the Govt, stifling Individual and Business response times !
Grant Seton
ENDS
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