Aug 31, 2009
The Inland Revenue Department has upgraded their online systems, allowing for online tax summaries confirmation and quicker tax refunds. The Inland Revenue Department (IRD) has completed an overhaul on their available online services, expanding the range of services provided and decreasing tax refund wait time. The IRD has previously mandated that any tax refunds due [...]
The Inland Revenue Department has upgraded their online systems, allowing for online tax summaries confirmation and quicker tax refunds.
The Inland Revenue Department (IRD) has completed an overhaul on their available online services, expanding the range of services provided and decreasing tax refund wait time.
The IRD has previously mandated that any tax refunds due that were valued at over NZ$200 would require confirmation over the phone. This task can now be completed online, along with assigning bank accounts for the refunds. According to ... Read More
Aug 26, 2009
The idea of introducing a land tax has been proposed in New Zealand. The Government commissioned Tax Working Group has raised another idea to aid the New Zealand Government’s coffers, a land tax. As it is envisioned and researched by the Tax Working Group at the moment, the land tax will be levied at 0.1% [...]
The idea of introducing a land tax has been proposed in New Zealand.
The Government commissioned Tax Working Group has raised another idea to aid the New Zealand Government's coffers, a land tax. As it is envisioned and researched by the Tax Working Group at the moment, the land tax will be levied at 0.1% of the unimproved value of land without considering the worth of the buildings on it.
Average households will see a total tax liability of $214 annually, which will raise ... Read More
Aug 24, 2009
Two years and ten month worth of jail time has been sentenced to a Tauranga man responsible for over NZ$5 million in tax fraud. Ahmad Bakhtiar, a Tauranga based agricultural industry worker, admitted to 64 charges of tax evasion and 22 charges of using falsified documents, in the Tauranga District Court. Ahmad Bakhitiar evaded $5,185,441 [...]
Two years and ten month worth of jail time has been sentenced to a Tauranga man responsible for over NZ$5 million in tax fraud.
Ahmad Bakhtiar, a Tauranga based agricultural industry worker, admitted to 64 charges of tax evasion and 22 charges of using falsified documents, in the Tauranga District Court.
Ahmad Bakhitiar evaded $5,185,441 worth of income tax, GST and PAYE throughout the time for which he was investigated. He managed this by establishing new companies which, for a fee, could provide ... Read More
Aug 21, 2009
New Zealand and Singapore have signed a Double Taxation Agreement (DTA) which is set to replace the earlier signed and currently standing DTA. New Zealand and Singapore currently have a Double Taxation Agreement, it was signed in 1973 and has been present since its inception. As stated by Peter Dunne, New Zealand Revenue Minister, at [...]
New Zealand and Singapore have signed a Double Taxation Agreement (DTA) which is set to replace the earlier signed and currently standing DTA.
New Zealand and Singapore currently have a Double Taxation Agreement, it was signed in 1973 and has been present since its inception. As stated by Peter Dunne, New Zealand Revenue Minister, at the release of this signing “The agreement will modernize our tax treaty arrangements with Singapore and bring them into line with best international practice,” and “In particular, the ... Read More
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