Feb 3, 2012
The Inland Revenue Department has released its briefing for the incoming Revenue Minister, saying that New Zealand needs to tweak the national welfare system and upgrade its tax infrastructure. On February 2nd the Inland Revenue Department (IRD) released the briefing for the incoming Revenue Minister of New Zealand, outlining the current state of the national [...]
The Inland Revenue Department has released its briefing for the incoming Revenue Minister, saying that New Zealand needs to tweak the national welfare system and upgrade its tax infrastructure.
On February 2nd the Inland Revenue Department (IRD) released the briefing for the incoming Revenue Minister of New Zealand, outlining the current state of the national tax system, which it deemed as strong and stable, saying "...New Zealand’s tax system is in a good place. The tax bases are broad, robust and provide reliable ... Read More
Feb 1, 2012
Throughout 2011 New Zealand saw several significant changes to the tax system, including the introduction of the new types of entities, reducing corporate tax rates, closing of loopholes in tax regulation, modernisation of filing systems, and further alterations aimed at improving the overall efficiency and sustainability of the tax system. To summarise the recent tax [...]
Throughout 2011 New Zealand saw several significant changes to the tax system, including the introduction of the new types of entities, reducing corporate tax rates, closing of loopholes in tax regulation, modernisation of filing systems, and further alterations aimed at improving the overall efficiency and sustainability of the tax system. To summarise the recent tax changes, Abaconda Managment Group has released a new overview of the major tax changes that were carried out in New Zealand over the 2011 calendar year.
Use of ... Read More
Jan 25, 2012
A Tauranga man has been sentenced to a year in jail for neglecting his business’ tax obligations, and using employee tax payments to fund his own expenses and recreation. Last week the Tauranga District Court sentenced an Adrian Ace, an agricultural contractor, to twelve months in prison for evading his PAYE and GST tax obligations. [...]
A Tauranga man has been sentenced to a year in jail for neglecting his business’ tax obligations, and using employee tax payments to fund his own expenses and recreation.
Last week the Tauranga District Court sentenced an Adrian Ace, an agricultural contractor, to twelve months in prison for evading his PAYE and GST tax obligations. Adrian plead guilty to 28 charges of failing to properly account for PAYE for the employees at his company Pride Contracting Limited. He had also pleaded guilty ... Read More
Jan 12, 2012
Anyone struck by the flooding in Nelson should contact the IRD to see if they are eligible for a review of their tax obligations. In the wake of the widespread flooding in the Nelson region of the South Island, the Inland Revenue Department is advising taxpayers that they may be eligible for special consideration on [...]
Anyone struck by the flooding in Nelson should contact the IRD to see if they are eligible for a review of their tax obligations.
In the wake of the widespread flooding in the Nelson region of the South Island, the Inland Revenue Department is advising taxpayers that they may be eligible for special consideration on their tax obligations if they were heavily affected by the disaster.
According to the IRD, business owners who were struck by the flooding are eligible to re-estimate their ... Read More
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