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
Jan 10, 2012
The value of the foreign trade into and out of New Zealand increased in November, but the national trade balance remained in deficit. On January 9th Statistics New Zealand released the country’s trade figures for November 2011, showing that both imports and exports were higher during the month of November 2011 compared to period last [...]
The value of the foreign trade into and out of New Zealand increased in November, but the national trade balance remained in deficit.
On January 9th Statistics New Zealand released the country’s trade figures for November 2011, showing that both imports and exports were higher during the month of November 2011 compared to period last year, primarily due to rising prices of commodities.
In November the national trade balance was in deficit by NZD 308 million, with a total export value of NZD ... Read More
Jan 6, 2012
Taxes on cigarettes have once again gone up, as part of the government’s three planned rate hikes. As of January 1st the excise tax on cigarettes and tobacco has been increased, in a move that the government claims will lead to more people quitting smoking. The excise taxes rose by 14.6 percent on all tobacco [...]
Taxes on cigarettes have once again gone up, as part of the government’s three planned rate hikes.
As of January 1st the excise tax on cigarettes and tobacco has been increased, in a move that the government claims will lead to more people quitting smoking.
The excise taxes rose by 14.6 percent on all tobacco products. The tax can only be applied to new products purchased by merchants after January 1st. However, the Consumer institute has already received several complaints, alleging that retailers are ... Read More
Dec 30, 2011
New Zealand’s GDP showed an improvement over the September quarter, with particularly high growth especially in the manufacturing sector. On December 22nd Statistics New Zealand released the national Gross Domestic Product (GDP) figures for the September quarter, showing that the country’s economic production grew by 0.8 percent in the three month ending in September. According [...]
New Zealand's GDP showed an improvement over the September quarter, with particularly high growth especially in the manufacturing sector.
On December 22nd Statistics New Zealand released the national Gross Domestic Product (GDP) figures for the September quarter, showing that the country’s economic production grew by 0.8 percent in the three month ending in September.
According to Rachel Milicich, the national accounts manager of Statistics New Zealand, throughout the September quarter economic activity was significantly increased in the retail sector, the accommodation industry, and the ... Read More
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