Tax Report
Sales and Income
[BOX 5] Total sales and income for the period(including GST and zero-rated Supplies)
BOX 5
NZBOX5
[BOX 6] Zero-rated supplies in Box 5
BOX 6
NZBOX6
[BOX 7] The amount in Box 6 is subracted from Box 5
NZBOX5 - NZBOX6
[BOX 8] Multiply the amount in Box 7 by 3 and then divide by 23
((NZBOX5 - NZBOX6) * 3)/23
[BOX 9] Enter any adjustments from your calculation sheet
BOX 9
NZBOX9
[BOX 10] Total GST collected on sales and income
(((NZBOX5 - NZBOX6) * 3)/23) + NZBOX9
Purchases and Expenses
[BOX 11] Total purchases and expenses(including GST) for which tax invoicing requirements have been met
BOX 11
NZBOX11
[BOX 12] Multiply BOX11 by 3 and then divide by 23
(NZBOX11 * 3)/23
[BOX 13] Credit adjustments from your calculation sheet
[BOX 14] Total GST credit for purchases and expenses
((NZBOX11 * 3)/23)
[BOX 15] Difference between BOX10 and BOX14
((((NZBOX5 - NZBOX6) * 3)/23) + NZBOX9) - ((NZBOX11 * 3)/23)