November 16, 2016 New Zealand Taxation
On November 16th the Revenue Minister Michael Woodhouse and Small Business Minister Craig Foss announced that the results of new survey have shown that small businesses in New Zealand are spending a decreasing amount of time each year on their tax filing obligations.
On average businesses in New Zealand spend 27 hours each year on their tax compliance.
The current time spent on compliance is 25 percent less than the amount of time which was spent in 2013.
The results of the survey showed that business owners found that recording information was the most time consuming aspect of their tax obligations.
GST was found to be the most time-consuming tax type, requiring an averag...Read More
September 28, 2016 New Zealand Finance
In a statement issued on September 28th the Minister of Immigration Michael Woodhouse announced that a partner has been found to help the government implement the upcoming Global Impact Visa in New Zealand.
The new Global Impact Visa was first announced in April this year and is intended to help attract more young entrepreneurs to New Zealand.
It was deemed that the current Entrepreneur Visa system is not suitable for attracting younger entrepreneurs with innovative ideas, as the regulations are stacked in favour of established businesses and business operators with long-term experience and sizeable financial backing.
The potential visa applicants will be drawn in and ...Read More
September 16, 2016 New Zealand Finance
On September 15th New Zealand saw the first conviction handed out for the charge of human trafficking.
A Papatoetoe man, Foraz Ali, was convicted of trafficking 15 Fijian nationals to New Zealand to subject them to work for minimal pay and under poor conditions.
Each of the victims was told by Foraz Ali that for a fee of NZD 4 000 they would receive employment in New Zealand paying as much as NZD 900 per week.
However, upon arrival into the country, the workers found that they would ultimately be paid only NZD 100 per week.
Further, the workers were not granted any valid work visas, and, instead, were granted 1 month visitor visas.
Foraz Ali is scheduled to be sentenced in October.
In New Zealand the charge ...Read More
September 14, 2016 New Zealand Finance
The number of guest nights seen in New Zealand in July has risen compared to last year, but fallen if the number is seasonally adjusted.
New information released earlier this week by Statistics New Zealand indicates that holiday makers in New Zealand are staying for longer periods.
Over the course of July 2016, the number of guest nights among international visitors rose by 15.8 percent compared to the same month in 2015.
Similarly, the number of domestic guest nights over the course of July 2016 rose by 2.0 percent compared to the same month in the previous year.
The increase in tourist numbers was felt more keenly in the North Island where the total guest nights increased by 7.4 percent, while the rise was only 6.0 percent in the South Island.
However, despite the increases, the seas...Read More