Business Owners Support Tax Simplification

Categories: New Zealand Taxation

New Zealand business owners would support a political party which promises to simplify and innovate tax-filing rules and systems, and nearly half of business owners wish to see a common economic zone between New Zealand and Australian. On February 9th the accounting software firm MYOB Technology released the quarterly MYOB Business Monitor report, which canvases [...]

New Zealand business owners would support a political party which promises to simplify and innovate tax-filing rules and systems, and nearly half of business owners wish to see a common economic zone between New Zealand and Australian. On February 9th the accounting software firm MYOB Technology released the quarterly MYOB Business Monitor report, which canvases opinions of New Zealand businesses on taxation and the economy. The newly published edition of the report gauges local businesses’ views on potential election year political campaign ... Read More

Tax Revenues Fallen in NZ

Categories: New Zealand Taxation

The New Zealand Government has reported lower than projected tax revenues for the nine months ending March 31st. The fall has been blamed on weaker than expected business activity. On May 7th the New Zealand Government issued a statement revealing a 2.4 percent fall in tax revenues, compared to earlier Half-Year Update in December. The [...]

The New Zealand Government has reported lower than projected tax revenues for the nine months ending March 31st. The fall has been blamed on weaker than expected business activity. On May 7th the New Zealand Government issued a statement revealing a 2.4 percent fall in tax revenues, compared to earlier Half-Year Update in December. The Government has revealed that it now expects tax revenues to be below previous expectations for the entirety of 2010, and perhaps also 2011. According to the statement the ... Read More

Taxes Cut Today

Categories: New Zealand Taxation

The National promised tax cuts came into effect on the 1st of April, 2009. As of the first of April, 2009, a number of changes are taking place in the New Zealand taxation system both in regards to business and personal taxation. To the everyday individual, most noticeable amongst these will be the introduction of [...]

The National promised tax cuts came into effect on the 1st of April, 2009. As of the first of April, 2009, a number of changes are taking place in the New Zealand taxation system both in regards to business and personal taxation. To the everyday individual, most noticeable amongst these will be the introduction of the Independent Earners Tax Credit, which will deliver a net $520 ($10 per week) to those earning between $24,000 and $44,000. This decrease at 13 cents per ... Read More

Business Tax Relief Passes Parliament

Categories: New Zealand Taxation

The tax relief package introduced by Parliament on the 10th of February has passed through its final stages of Parliament approval and requires only Royal assent. The business tax relief package which was introduced by the National led Government and aimed at bringing tax relief to the small and medium enterprises (SME) of New Zealand, [...]

The tax relief package introduced by Parliament on the 10th of February has passed through its final stages of Parliament approval and requires only Royal assent. The business tax relief package which was introduced by the National led Government and aimed at bringing tax relief to the small and medium enterprises (SME) of New Zealand, has been passed through parliament. According to Revenue Minister Peter Dunne, the 96% of New Zealand businesses which are SMEs will find this package useful in weathering the ... Read More