[Oceania-Board] Change in GST handling for NZD Transactions from Stripe

[Emma Hain]

Thanks Alex

On Wed, Apr 7, 2021 at 3:55 PM Alex Leith <alexgleith at gmail.com> wrote:

> Hey Folks
>
> I have made a change to some transactions, and wanted to note them down
> for the record.
>
> I used this query:
> https://go.xero.com/Accounts/Recoding/Recode/?recodeHistoryId=8ceadfba-43da-4de3-9b87-5d5e90ef8888 in
> Xero to identify a group of transactions that roughly adds up to the amount
> of money we received from the Auckland Hub ticket sales. Transactions are
> in the image below.
>
> [image: image.png]
>
> We received $1543.61 NZD after fees, which is around $1420 AUD.
>
> [image: image.png]
>
> Since these transactions were for services provided in NZ, we don't need
> to collect Australian GST, so we didn't. And because we're under the
> threshold in NZ, we don't need to collect NZ GST, and we didn't. So we just
> need to correctly account for this, so that we don't send GST $ to the
> Australian government. So that's what I've changed. So I have changed the
> transactions to be GST Free.
>
> Let me know if you have any questions or concerns.
>
> Cheers,
>
> --
> Alex Leith
> m: 0419189050
> _______________________________________________
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> Oceania-Board at lists.osgeo.org
> https://lists.osgeo.org/mailman/listinfo/oceania-board
>
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