New Zealand businesses claim that they are happy with the current tax system in New Zealand, with more than half claiming that they do not need any extra guidance from tax authorities. In a press release issued on May 23rd the accounting firm Grant Thornton revealed the results of a recent survey which showed that [...]

New Zealand businesses claim that they are happy with the current tax system in New Zealand, with more than half claiming that they do not need any extra guidance from tax authorities. In a press release issued on May 23rd the accounting firm Grant Thornton revealed the results of a recent survey which showed that less than half of all New Zealand businesses would like to be issued with more tax guidance from tax authorities in the country. In comparison, the research conducted ... Read More

Petrol in New Zealand will soon be even more expensive following the passage of a new bill through parliament. On May 19th parliament passed under urgency new legislation to hike petrol taxes by an extra 3 cents per litre each year over the next three years. Following the implementation of the raised tax, petrol taxes [...]

Petrol in New Zealand will soon be even more expensive following the passage of a new bill through parliament. On May 19th parliament passed under urgency new legislation to hike petrol taxes by an extra 3 cents per litre each year over the next three years. Following the implementation of the raised tax, petrol taxes will hit 59.5 cents per litre by the end of July in 2015. The bill to raise the tax was passed with 67 votes in favour and 26 votes in ... Read More

The IRD will soon have its hands on a fresh set of data concerning taxpayers who have actively sight to evade their taxes using companies registered offshore. Over the weekend the Inland Revenue Department praised a decision made by the Australian Tax Office (ATO), the UK HM Revenue and Customs (HMRC), and the US Internal [...]

The IRD will soon have its hands on a fresh set of data concerning taxpayers who have actively sight to evade their taxes using companies registered offshore. Over the weekend the Inland Revenue Department praised a decision made by the Australian Tax Office (ATO), the UK HM Revenue and Customs (HMRC), and the US Internal Revenue Service (IRS) to share leaked data regarding taxpayers using entities registered in tax havens in order to evade their tax obligations. The group manager of compliance planning and ... Read More

Labour is looking to provide low income households with low cost capital in situation which would normally require families turning to costly commercial lenders. More New Zealand families could be financially independent if a new system of no-interest loans was enacted in New Zealand, according to the Labour Party, in a press release issued on [...]

Labour is looking to provide low income households with low cost capital in situation which would normally require families turning to costly commercial lenders. More New Zealand families could be financially independent if a new system of no-interest loans was enacted in New Zealand, according to the Labour Party, in a press release issued on May 13th. The Labour Party is proposing that the a “social lending scheme” be instated as a private-public partnership, which would provide New Zealand families with low cost ... Read More