New Zealand and Australia have now signed a bi-lateral Comprehensive Double Taxation Agreement, opening up a greater avenue for trade between the two countries. On December 1st the New Zealand Finance Minister Bill English and the Revenue Minister Peter Dunne announced that a Double Taxation Agreement (DTA) has been signed with Hong Kong. The agreement [...]

New Zealand and Australia have now signed a bi-lateral Comprehensive Double Taxation Agreement, opening up a greater avenue for trade between the two countries. On December 1st the New Zealand Finance Minister Bill English and the Revenue Minister Peter Dunne announced that a Double Taxation Agreement (DTA) has been signed with Hong Kong. The agreement was signed on behalf of Hong Kong by the Financial Secretary John Tsang, at a ceremony held in Auckland. According to Peter Dunne, Hong Kong is New Zealand’s ... Read More

The Inland Revenue Department has revealed that a Hamilton man has been sentenced for GST fraud that was committed through the use of a new identity. On November 24th Andrew Skipper Kendell was sentenced to two years and ten months jail-time for four charges of GST fraud. The defendant was alleged to have used an [...]

The Inland Revenue Department has revealed that a Hamilton man has been sentenced for GST fraud that was committed through the use of a new identity. On November 24th Andrew Skipper Kendell was sentenced to two years and ten months jail-time for four charges of GST fraud. The defendant was alleged to have used an invalid identity to obtain NZD 153 000 in GST refunds. According to the Inland Revenue Department (IRD) Andrew Skipper Kendell was originally named Andrew John Munsor Caddy. He legally ... Read More

The rate at which the Inland Revenue Department charges tax mis-payments is set to change, with the underpayment rate decreasing and the overpayment rate increasing. On November 23rd the New Zealand Revenue Minister Peter Dunne announced that the use-of-money rate that is charged by the Inland Revenue Department for over-paid and under-paid taxes will soon [...]

The rate at which the Inland Revenue Department charges tax mis-payments is set to change, with the underpayment rate decreasing and the overpayment rate increasing. On November 23rd the New Zealand Revenue Minister Peter Dunne announced that the use-of-money rate that is charged by the Inland Revenue Department for over-paid and under-paid taxes will soon be altered. As of January 16th 2011 the use-of-money rate on unpaid taxes will be 8.89 percent, and the rate on overpayments will be 2.18 percent. The ... Read More

The New Zealand Revenue Minister Peter Dunne is being lobbied by the Retailers Association, in an effort to extend current Goods and Service Tax laws to international online purchases. As the Government carries out a review on its laws regarding levying Goods and Service Tax (GST) on overseas retailers, the Retailers Association has weighed in [...]

The New Zealand Revenue Minister Peter Dunne is being lobbied by the Retailers Association, in an effort to extend current Goods and Service Tax laws to international online purchases. As the Government carries out a review on its laws regarding levying Goods and Service Tax (GST) on overseas retailers, the Retailers Association has weighed in on the matter, calling for the tax to be charged on all overseas purchases. Retailers Association chief executive John Albertson claims that the laws need to be expanded ... Read More