Basic tax types
From ACC to GST, PAYE to income tax, learn the basic tax types so that you know which you need to pay attention to and which don’t apply.
Jargon-busting the main taxes and levies small businesses need to know about, from income tax to GST, ESCT to ACC levies. You won’t necessarily have to pay all these.
Income tax and provisional tax are the same tax — provisional tax is just a way of pre-paying your annual tax bill.
GST is a tax added to most goods and services. You can claim back the GST you pay on goods or services you buy for your business, and add GST to what you sell.
Test yourself on the basics of taxes and levies for businesses.