Topics
Series
Concept
Name
Economically Significant Enterprise
en-NZ
Label
Economically Significant Enterprise
en-NZ
Description
An enterprise which meets at least one of the following criteria:
- has greater than $30,000 annual GST expenses or sales;
- has RME greater than three (see below for a definition of RME)
- is in a GST-exempt industry except residential property leasing and rental;
- is part of a group of enterprises;
- is a new GST registration that is compulsory, special or forced (this means the business is expected to exceed the $30,000 boundary.);
- is registered for GST and is involved in agriculture or forestry.