About this Form

This form will provide information about how to convert currency when working out if you should charge goods and services tax (GST) on sales of low-value goods imported into New Zealand.

When to use this form

When working out the amount in New Zealand dollars to include in your GST return, you may use a sell NZD rate, a buy NZD rate or a midpoint rate.

• If it is unclear whether a good you sell in another currency has a customs value exceeding NZ$1,000 or not.
• If you have not chosen to charge GST on supplies of high-value goods (goods with a customs value above $1,000).

What exchange rate you should use

Overseas suppliers may use any one of the following exchange rates:

• the spot exchange rate applying at the time of supply
• the rate published by the New Zealand Customs Service
• the Reserve Bank of New Zealand (RBNZ) rate, or a reference rate published by another central bank
• an exchange rate provided by a foreign exchange organization or foreign exchange data vendor.

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