What goods and services are GST exempt?

Exempt supplies are not subject to GST and are not included as taxable sales in a GST return. Common examples can include certain financial services, residential rent, donated goods sold by a non-profit body, and penalty interest. The detailed conditions matter.

Exempt is different from zero-rated. A zero-rated supply is taxable at 0% and remains part of the GST return. Certain exported goods or services and qualifying land transactions may be zero-rated. Overseas sales and imports need separate review because the result depends on the customer, location, evidence and type of supply.

Use Inland Revenue's current exempt and zero-rated supply guidance or ask the Afirmo tax team before applying a non-standard GST treatment.