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The Difference Between Income Tax and GST

January 18, 2017

What is the difference between GST and Income Tax?

Income tax is a tax on profit while GST is a tax on consumption. This article will explain the differences and basic compliance requirements of each. 1. Income Tax Everyone who earns taxable income in New Zealand pays income tax. For employees, the employer deducts PAYE ...

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registered for GST

The Difference Between Income Tax and GST

What is the difference between GST and Income Tax?

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