Forum Discussion

User

9 months ago

Solved

NZ - Receipt requirements for very small purchases?

Hi All, small business owner here. Background, when I was an employee we werent required to provide receipts for small purchases for reimbursment. This was an instruction from the company account...

ope-nz
9 months ago
Found the answer via another forum;

You don’t need a tax invoice for income and expenses under $50. If you’re GST registered, you must keep records that can support an expense claim.

Source;
https://www.business.govt.nz/tax-and-accounting/tax-time-tips/keeping-tax-records/#:~:text=You%20don't%20need%20a,you%20send%20to%20Inland%20Revenue.

ope-nz

User

9 months ago

Found the answer via another forum;

You don’t need a tax invoice for income and expenses under $50. If you’re GST registered, you must keep records that can support an expense claim.

Source;

https://www.business.govt.nz/tax-and-accounting/tax-time-tips/keeping-tax-records/#:~:text=You%20don't%20need%20a,you%20send%20to%20Inland%20Revenue.

Princess_R
MYOB Moderator
9 months ago
Hi ope-nz,

Thank you for your post, and welcome to the Community forum. I hope you find it a useful source of information.

It's great to know that you had this resolved. Please don't hesitate to post again if you need help in the future. We are more than happy to assist.

I appreciate you taking the time to share the answer to your query. This is a great help to others having the same issue.

Cheers,

Princess

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NZ - Receipt requirements for very small purchases?

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