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GST Changes and Subscriptions
As you will be aware the rate of GST increases from 1/10/2010 from 12.5% to 15%. You need to be aware of this when setting your subscriptions for the next year. For example, if your subscriptions are set at $30 this year and you are registered for GST, then the organization this year would receive $26.67 and $3.33 would be paid in GST. If the subscriptions are kept the same next year, then the organization would receive $26.09 and $3.91 would be paid in GST. For the organization to keep the same income the subscription would need to be approved as $30.67 including GST or $26.67 plus GST.
---from Volunteering Canterbury Newsletter July 2010 posted 9/7/10-------


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  • Inland Revenue has updated the section of their website devoted to Not-for-profits. Click here for more info.                  30/4/10

 

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