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A New Tax System (Goods and Services Tax) Act 1999

Chapter 2 - The basic rules  

Part 2-5 - Registration  

Division 23 - Who is required to be registered and who may be registered  

23-15  The registration turnover threshold  

(1)  

Your registration turnover threshold (unless you are a non-profit body) is:


(a) $50,000; or


(b) such higher amount as the regulations specify.

(2)  

Your registration turnover threshold if you are a non-profit body is:


(a) $100,000; or


(b) such higher amount as the regulations specify.

CCH Note

The registration turnover threshold was increased from $50,000 ($100,000 for non-profit bodies) to $75,000 ($150,000 for non-profit bodies) with effect from 1 July 2007. For details, see reg 23-15.01 and 23-15.02 of the A New Tax System (Goods and Services Tax) Regulations 1999.


 



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