Inland Revenue Department tagged posts
October 9, 2013 New Zealand Finance
Claims are arising that no New Zealand firms will be eligible to participate in the upgrade of the IRD tech systems.
Over the course of October 8th several groups came forward to claim that the New Zealand Inland Revenue Department has effectively shut out any local firms from participating in the upcoming upgrade of the Department’s technology infrastructures.
The disapproval, which came from the Green party, the Labour Party, and the Institute of Information Technology Professionals.
Each group claimed that the IRD will only accept proposals and tenders bidders who have previously participated in projects valued at more than NZD 100 million, and from groups who have participated in large-scale projects with national tax authorities.
The steep requirements are claimed to be prohibitive ...Read More
October 7, 2013 New Zealand Finance
The IRD is making tangible steps towards an extensive upgrade of its IT and processing systems.
Last week the Inland Revenue Department announced that it will soon begin accepting expressions of interest from external parties regarding the upcoming upgrade of the Department’s internal technology systems.
The expression of interests will be accepted via the Government Electronic Tenders Service, and will be for technical work on the initial phases of the IRD’s system transformation, along with “high level design for the future phases of the programme.“
According to the Commissioner of the IRD Naomi Ferguson, the upgrade is intended to help New Zealanders to”…t simpler and faster for New Zealanders to pay their taxes on time, to receive their entitlements, and reduces the costs of compli...Read More
September 20, 2013 New Zealand Taxation
The PAYE system is due for modernization and an extensive overhaul.
In a speech given on September 19th the Minister of Revenue Todd McClay stated that the PAYE system would be the first element of the IRD’s current infrastructure to be upgraded as part of an ongoing initiative to modernize the tax authorities infrastructure.
He explained that the IRD’s upgrade will aim to streamline the process complying with the necessary PAYE requirements, and the improvement will make it easy for employers to share all necessary tax and wage information.
Explainign why the IRD chose to improve the PAYE system first, Todd McClay said that, in its current form, the PAYE system is “…is labor-intensive, often requiring double-handling and repeat contacts from IRD, thus making it a significant burden on emp...Read More
May 28, 2013 New Zealand Taxation
The IRD is still calling for New Zealanders to come forward with their views to proposed expansion to the info sharing powers of the Department.
On May 27th the Inland Revenue Department announced that it has extended the deadline to receive submissions from the public regarding the Targeting Serious Crime discussion paper.
The last day for submissions will now be June 4th, and not May 21st as originally scheduled.
Th discussion paper revolves around the question of whether the IRD and other government departments should be allowed to share a greater amount of financial information, including tax information, in an effort to help prevent the occurrence of serious crimes in the country.
The proposed changes to the information sharing rules would allow the IRD to provide taxpayers’ informat...Read More