Monthly Archives February 2016
February 25, 2016 New Zealand Taxation
Superannuation and veteran pension payments are set to rise in order to stay in line with wages in New Zealand.
On February 25th the Minister of Social Development Anne Tolley announced that superannuation and veteran pension rates will be increased from April 1st.
The government aims to maintain the level of superannuation and veteran pensions at 66 percent of the average national income, and in order to maintain this level the payments will be increased by 2.73 percent.
According to Anne Tolley, the increase in payments will translate to “… an increase of $15.74 a week for a married couple, $10.23 a week for a single person living alone and $9.44 for a single person sharing accommodation.”
Photo By: Simon CunninghamRead More
February 24, 2016 New Zealand Taxation
A farmer from the Bay of Plenty has evaded nearly NZd 1.5 million int axes, claiming that he is not obligated to pay any taxes in New Zealand.
On February 24th the Tauranga District Court sentenced a local farmer to four years and nine months jail time for his persistent tax evasion, which is estimated have amounted to approximately NZD 1 450 145 in unpaid taxes.
According to the IRD, the Waihi-based farmer and owner of a butchery, Ewan Malcolm Campbell, “…advised Inland Revenue that it had no authority over him, as he was a beneficiary of the anti-tax movement Nga Uri Whakatipurunga O Ngarae Incorporated.”
It was also claimed that Ewan Campbell persistently refused to cooperate with the IRD, even declining to accept a letter from the IRD delivered to him personally.Read More
Ewan Campbell i...
February 12, 2016 New Zealand Taxation
A New Zealand firm has won a multimillion dollar contract to provide online cloud based solutions to the Inland Revenue Department for the next 10 years.
In a statement issued on February 12th the Inland Revenue Department has announced that it has awarded a contract worth up to NZD 60 million to the New Zealand provider of cloud based services.
The contract will see Revera, a subsidiary of Spark, provide cloud based services to the IRD as part of the business transformation programme aimed at updating the tax authority’s infrastructure, processes, and customer-facing services.
The transition to modern cloud based services means that the IRD may see a cost in operating costs as the scale of the services provided and the applicable cost can be reduced or increased to meet the demands of ...Read More
February 9, 2016 New Zealand Taxation
The government is being urged to continue with its annual hikes to cigarette taxes in New Zealand, and to at least double the rate of these increases.
The National Maori Tobacco Control Service, or Te Ara Ha Ora, has called on the government to continue imposing new tax hikes on the sale of tobacco in New Zealand in order to achieve the goal of a smokefree New Zealand by 2025.
Earlier this year the fourth and final planned hike to the rate of tax on the sale of tobacco and cigarettes was enacted, bringing the price of even a cheap pack of cigarettes to well over NZD 20.
However, currently no new legislation has been enacted to continue raising the tax rate on the sale of cigarettes.
It was noted by the Service that even if the government now commits to implementing annual 10 percent incre...Read More