MAY 7Your GST return and payment is due for the taxable period ending 31 March.
MAY 28Your GST return and payment is due for the taxable period ending 30 April.
JUN 28Your GST return and payment is due for the taxable period ending 31 May.
When they’re used
In some cases a buyer is in a better position than a seller to determine the price of goods or services. The buyer issues the tax invoice rather than the seller.
Buyer-created tax invoices are most commonly used in New Zealand’s primary industries such as farming, fishing and wine-growing.
In these industries, the value of the goods is only known after the buyer processes them.
An example is an abattoir buying sheep from a farmer. The abattoir weighs, slaughters and prices the sheep. It also determines other costs such as levies. The abattoir is in a better position than the farmer to issue a tax invoice.
Rules for buyer-created tax invoices
GST-registered buyers need to get our approval to issue buyer-created tax invoices.
A buyer can be approved to issue invoices for:
- particular goods or services
- a particular supplier or group of suppliers.
A buyer-created tax invoice can only be used if both the buyer and the seller:
- are GST-registered
- agree in writing that only the buyer will issue the tax invoice
- keep a copy of the tax invoice.
A buyer-created tax invoice must show:
- the standard information for a tax invoice
- the buyer’s and seller’s GST numbers
- the words ‘buyer-created tax invoice – IRD approved’ in a prominent place.
- 15% GST added to the gross supply of goods or services
- 15% GST added to any deductions or charges.
Here's an example of a buyer-created tax invoice.