Business Could Find Tax Relief

February 2, 2009 New Zealand Taxation  No comments

New Zealand Prime Minister John Key has hinted that business will soon receive some tax cuts in an attempt to boost the current economic climate.

John Key made an announcement that he will be giving a speech on the 4th of February revealing new tax based initiatives by the Government that are aimed directly at assisting business owners. The new changes are said to focus on tax, cash flows and regulations.

Some speculation has placed possible new introductions as a reduced fee for underpaid provisional tax and alteration to the regulation which required provisional tax estimates to increase 5% above last year’s earnings.