You’re a professional director being paid director’s fees. Should you be charging GST on those fees? And if so, does that mean that you need to be registered for GST?
The IRD position on that has not been as clear as it could be, so the recent release of three clarifying rulings has been welcome.
The short answer is: if you’re not carrying on any other form of taxable activity, then NO, you’re not eligible to register.
Source: dentons.co.nz
