Turn transaction data into value with our GST consulting and GST compliance services

Businesses need to consider Goods and Services Tax (GST) when expanding internationally, creating new structures, developing new projects, or engaging in mergers and acquisitions.

However, as a transaction-based tax, the ongoing and efficient management of GST is a day-to-day business issue. The IRD expects all businesses – whether SMEs or large organisations - to have effective processes, finance systems, and controls to identify and meet GST obligations.

Managing GST obligations can be one of the most significant administrative challenges for businesses. Many organisations end up overpaying GST, where even the smallest errors can be costly, and minor improvements can have a substantial impact.

How can our GST consulting team help you?

Our GST services:

Assist businesses structure their organisations and their supply chain to minimise unrecoverable GST costs
Assisting with the GST issues for proposed merger and acquisition activity
Structure local, international contracts and transactions and cross border activity to minimise GST and customs duty costs
Assist property developers and other property holders with GST issues for property sales, including the going concern and margin scheme concession
Manage dealings with the ATO, including ATO reviews, ATO audits, securing GST refunds and remission of penalties and General Interest Charge
Assist financial institutions, credit unions and managed funds on maximising their input tax credit recovery, including RITC reviews
Assist government agencies, councils, NGOs and NFPs on the specific and particular GST and indirect tax issues faced by the public and charitable sectors
Process improvement, systems and compliance reviews for GST identification and management Indepth data analysis of your business’ data to identify GST opportunities, compliance issues or other process anomalies such as duplicate payments
Development of GST procedures, manuals and training of accounts payable and finance staff

Frequently Asked Questions

What are GST consulting and compliance services?

In New Zealand, GST is a transaction-based tax applied to most goods and services. Managing it correctly is essential to avoid costly errors and penalties. GST consulting and compliance services help businesses manage their Goods and Services Tax obligations effectively.

These services include strategic advice, compliance reviews, and support with IRD reporting to ensure businesses meet their GST requirements accurately and efficiently.

Who needs GST consulting and compliance services?

Any business registered for GST in New Zealand can benefit from these services. This includes:

SMEs and large corporations
Businesses expanding internationally
Organisations undergoing structural changes
Entities involved in complex transactions

Why are GST consulting and compliance services important?

GST is one of the most significant administrative burdens for New Zealand businesses. Even minor errors in GST reporting can lead to overpayments or penalties. GST consulting and compliance services help businesses:

Identify and correct GST errors
Improve finance systems and controls
Ensure accurate and timely IRD submissions
Reduce the risk of audits and penalties

What does RSM New Zealand offer in GST consulting and compliance services?

RSM New Zealand provides tailored GST consulting and compliance services that include:

GST health checks and risk reviews
Transactional analysis and reporting
Advice on GST implications for mergers, acquisitions, and restructures
Support with international GST obligations

Our team works closely with clients to turn transaction data into strategic value.

What are common GST challenges for New Zealand businesses?

Misclassification of supplies
Incorrect GST treatment of cross-border transactions
Inadequate documentation
System errors in finance platforms

GST consulting and compliance services help identify and resolve these issues before they become costly.

How can GST errors affect my business?

Overpayment or underpayment of tax
IRD penalties and interest
Reputational damage
Disruption during audits

RSM’s GST consulting and compliance services aim to prevent these outcomes through proactive management.

How often should GST compliance be reviewed?

Regular reviews at least annually, are recommended. Businesses undergoing changes or engaging in new projects should seek advice more frequently.

Can GST consulting and compliance services help with international expansion?

Yes. GST rules vary across jurisdictions, and international transactions can be complex. RSM’s services include guidance on cross-border GST obligations and structuring advice to ensure compliance.

What systems and controls are needed for GST compliance?

Effective GST compliance requires:

Accurate transaction recording
Automated GST coding in finance systems
Regular reconciliation and reporting
Staff training and awareness

RSM helps businesses implement and optimise these systems.

How do I get started with GST consulting and compliance services?

Contact RSM New Zealand for a consultation. Our team will assess your current GST processes and provide a tailored plan to improve compliance and reduce risk.